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May 14, 2012, 6:08 p.m. EDT

Mining, materials trash Canadian stocks

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By Wallace Witkowski, MarketWatch

SAN FRANCISCO (MarketWatch) — Canadian stocks dropped Monday, led by big losses in the mining, materials and energy sectors.

Stocks on the Toronto Stock Exchange dropped steadily during the day as the resource-heavy exchange faced steep declines in the price of oil and gold, and as renewed anxiety over Greece roiled world markets.

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Among large-cap companies, shares of Suncor Energy Inc. /zigman2/quotes/204570600/delayed CA:SU -0.80%  closed down 2.6%, Imperial Oil Ltd. /zigman2/quotes/203145852/delayed CA:IMO -0.92%  dropped 2.5%, Canadian Natural Resources Ltd. /zigman2/quotes/203742161/delayed CA:CNQ +1.03%  declined 2.4% and Talisman Energy Inc.  shed 5.1%.

The S&P/TSX Composite Index fell 1.8% to close at 11,488.53, with the S&P/TSX Capped Diversified Metals and Mining Index  off 4.4%, the S&P/TSX Capped Materials Index /zigman2/quotes/210598474/delayed XX:TORGC195 -0.29%  down 3.5% and the S&P/TSX Capped Energy Index XX:TORGC187 -0.39% slipping 3%.

Markets in the United States and Europe were also under pressure on concerns that Greece could get kicked out of the euro zone as Greek Party leaders failed to form a unity government. Read more on Greece.

Oil for June delivery /zigman2/quotes/209724914/delayed CLM22 -0.24%  fell 1.4% to settle at $94.78 a barrel, and gold for June delivery /zigman2/quotes/210036777/delayed GCM22 -0.24%  declined 1.5% to settle at $1,561 an ounce on the New York Mercantile Exchange.

Toronto Stock Exchange

Shares of Teck Resources Ltd.  fell 3.9%, Ivanhoe Mines Ltd. /zigman2/quotes/207656050/delayed CA:IVN +0.34%  3.1%, Eldorado Gold Corp. /zigman2/quotes/207321207/delayed CA:ELD -0.95%  4.9% and Goldcorp Inc. 3.7%.

Also, shares of Silver Wheaton Corp.  dropped 7.4%, HudBay Minerals Inc. /zigman2/quotes/208987353/delayed CA:HBM +0.83%  crumbled by 8% and Iamgold Corp. /zigman2/quotes/206182143/delayed CA:IMG -1.13%  7.2%.

The Canadian dollar fell against its U.S. counterpart /zigman2/quotes/210561978/realtime/sampled USDCAD -0.2305%  with the greenback buying C$1.0038, compared with C$1.0005 late Friday. The loonie, however, traded higher against the euro /zigman2/quotes/210560976/realtime/sampled CADEUR -0.1750% , with the Canadian dollar buying 77.69 eurocents, compared with 77.26 late Friday.

/zigman2/quotes/204570600/delayed
CA : Canada: Toronto
$ 22.46
-0.18 -0.80%
Volume: 8.81M
Nov. 27, 2020 3:25p
P/E Ratio
N/A
Dividend Yield
3.74%
Market Cap
$34.53 billion
Rev. per Employee
$2.97M
loading...
/zigman2/quotes/203145852/delayed
CA : Canada: Toronto
$ 24.26
-0.23 -0.92%
Volume: 331,473
Nov. 27, 2020 3:24p
P/E Ratio
N/A
Dividend Yield
3.63%
Market Cap
$17.97 billion
Rev. per Employee
$5.37M
loading...
/zigman2/quotes/203742161/delayed
CA : Canada: Toronto
$ 31.32
+0.32 +1.03%
Volume: 1.70M
Nov. 27, 2020 3:25p
P/E Ratio
N/A
Dividend Yield
5.43%
Market Cap
$36.61 billion
Rev. per Employee
$2.25M
loading...
/zigman2/quotes/210598474/delayed
XX : Canada: Toronto
309.90
-0.91 -0.29%
Volume: 32.05M
Nov. 27, 2020 3:25p
loading...
XX : Canada: Toronto
90.78
-0.36 -0.39%
Volume:
Nov. 26, 2020 12:00a
loading...
/zigman2/quotes/209724914/delayed
US : U.S.: Nymex
$ 45.19
-0.11 -0.24%
Volume: 6,580
Nov. 27, 2020 1:44p
loading...
/zigman2/quotes/210036777/delayed
US : U.S.: Nymex
$ 1,836.00
-4.40 -0.24%
Volume: 0.00
Nov. 25, 2020 5:09p
loading...
/zigman2/quotes/207656050/delayed
CA : Canada: Toronto
$ 5.91
+0.02 +0.34%
Volume: 780,507
Nov. 27, 2020 3:25p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$7.10 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207321207/delayed
CA : Canada: Toronto
$ 15.61
-0.15 -0.95%
Volume: 314,981
Nov. 27, 2020 3:24p
P/E Ratio
11.39
Dividend Yield
N/A
Market Cap
$2.75 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208987353/delayed
CA : Canada: Toronto
$ 8.47
+0.07 +0.83%
Volume: 637,324
Nov. 27, 2020 3:24p
P/E Ratio
N/A
Dividend Yield
0.24%
Market Cap
$2.19 billion
Rev. per Employee
$741,521
loading...
/zigman2/quotes/206182143/delayed
CA : Canada: Toronto
$ 4.36
-0.05 -1.13%
Volume: 771,466
Nov. 27, 2020 3:25p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.09 billion
Rev. per Employee
$292,538
loading...
/zigman2/quotes/210561978/realtime/sampled
US : Tullett Prebon
1.2988
-0.0030 -0.2305%
Volume: 0.0000
Nov. 27, 2020 3:40p
loading...
/zigman2/quotes/210560976/realtime/sampled
US : Tullett Prebon
0.6437
-0.0011 -0.1750%
Volume: 0.0000
Nov. 27, 2020 3:40p
loading...

Wallace Witkowski is a MarketWatch news editor in San Francisco.

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