CANADA STOCKS-TSX falls as energy, mining stocks weigh

Mon Jan 11, 2016 4:40pm EST
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(Adds investment adviser quotes, details; updates prices to close)

* TSX ends down 126.20 points, or 1.01 percent, at 12,319.25

* Almost four decliners for every gainer on index

* Fifty one stocks hit new 52-week lows

By Alastair Sharp

TORONTO, Jan 11 (Reuters) - Canada's main stock index fell 1 percent on Monday, its ninth straight decline, as energy stocks slumped on the back of another plunge for crude oil, pushing the index deeper into bear market territory.

Oil prices fell 6 percent to new 12-year lows after a further decline in China's blue chip stocks and a surge in overnight interest rates for the yuan heightened fears about the outlook for demand in the world's second-largest economy.

The Toronto Stock Exchange's S&P/TSX composite index ended down 126.20 points, or 1.01 percent, at 12,319.25. It has lost more than 20 percent, the definition of a bear market, since an all-time high in September 2014.

Allan Small, a senior investment advisor at HollisWealth, said investors were spooked by the combination of China's troubles, tensions between Iran and Saudi Arabia, and a recent North Korean nuclear test.   Continued...