July 5, 2010 / 4:34 PM / 9 years ago

CANADA STOCKS-TSX hits five-month low in broad selloff

TORONTO, July 5 (Reuters) - Toronto’s main stock index sank 1 percent on Monday, hitting its lowest level in five months, in a broad retreat spurred by misgivings about the strength of the global economic recovery.

The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE fell 114.00 points, or 1.02 percent, to 11,082.06, in thin volumes. All of the index’s 10 main sectors were lower, with half the groups down more than 1 percent.

Key declining sectors included oil and gas, down 1.5 percent, and materials, off 1.1 percent, helping drag the index to its lowest point since Feb. 5.

Concerns lingered from Friday’s larger-than-expected drop in U.S. nonfarm payrolls for June, sparking new worries of a double-dip recession. (Reporting by Ka Yan Ng; editing by Rob Wilson)

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