Toronto stocks fell for the fifth straight session, tumbling on lower oil and commodity prices.
The S&P/TSX composite index lost 132.20 points , or 1.13%, to 11,519.49.
Volume on the senior exchange was 330 million shares.
Nine of the 10 TSX main sub-groups were down, with only the health care group remaining in the black, up a mere 0.07%.
The metals and mining group fell 3.8% as investors took profits following the recent run-up in prices; golds dropped 2.5%.
Gold for April delivery fell $11.40 at US$542.10 an ounce.
Bema Gold Corp. fell back 13¢, or 2.9%, to $4.35.
The energy index was off 1.68%. The benchmark March crude oil contract closed down 60¢ at US$61.24 a barrel in New York trading.
Petro Canada fell 49¢, or 0.93%, to $52.01.
The Canadian dollar slipped 0.14 of a cent to US86.53¢.
The S&P/TSX Venture composite index dropped 92.42 points, or 3.65%, to 2,439.81.
In New York, inflation and interest-rate worries, after a Fed official said economic growth appeared to be picking up, and a negative report about Google Inc. sent the markets lower.
The Dow Jones Industrial Average fell 26.73 points to 10,892.32, the Nasdaq closed down 22.07 points at 2,239.81, while the S&P 500 dropped 4.13 points to 1,262.86.
TSX posts fifth straight loss
Sharp decline in metals and mining stocks
- By: Rudy Mezzetta
- February 13, 2006 February 13, 2006
- 17:15