CANADA STOCKS-TSX falls, global growth concerns weigh on materials

Tue Nov 10, 2015 4:42pm EST
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(Adds portfolio manager quote, updates prices)

* TSX down 70.99 points, or 0.53 percent, at 13,411.63

* Eight of TSX's 10 main groups lower

By Fergal Smith

TORONTO, Nov 10 (Reuters) - Canada's main stock index fell to a fresh five-week low on Tuesday, with broad-based losses paced by the materials group after weak Chinese inflation data added to concern about the outlook for global growth.

"It has a lot to do with the news out of China," said Kevin Headland, director capital markets and strategy at Manulife Asset Management, adding that they expect that to be the story for some time yet as China transitions "towards domestic consumption."

The Toronto Stock Exchange's S&P/TSX composite index ended down 70.99 points, or 0.53 percent, at 13,411.63, having hit a fresh five-week low at 13,336.90.

Eight of the index's 10 main groups finished lower.

The materials group tumbled 2.1 percent, including a greater than 3 percent loss for Potash Corp.   Continued...