CANADA STOCKS-Volatile TSX tumbles more than 2 pct as resources drag

Tue Sep 22, 2015 11:44am EDT
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(Adds commentary, details, market reaction)

* TSX down 312.79 points, or 2.27 percent, to 13,466.65

* All 10 of the TSX's main groups are down

By Solarina Ho

TORONTO, Sept 22 (Reuters) - Canada's main stock index tumbled more than 2 percent on Tuesday as a sell-off in commodities walloped resource stocks, leading to across-the-board declines.

Gold, copper and crude oil prices all fell amid a stronger U.S. dollar and persistent demand worries, particularly out of top resource consumer China. The declines sent the index's materials group, home to resource stocks, sinking 4.3 percent.

First Quantum Minerals Ltd sank 10.5 percent at C$5.64, while Goldcorp Inc fell 3.2 percent to C$17.02.

The decline also dragged the remaining nine key sectors into the red, with energy sliding 1.6 percent and financials, which have considerable exposure to resource companies, retreating 2.1 percent.

Toronto-Dominion Bank, fell 2.5 percent to C$51.28, while Royal Bank of Canada declined 2.1 percent to C$71.61.   Continued...