* TSX down 141.2 points, or 1 percent, to 14,045.04
* All 10 of the TSX's main groups fell
By Solarina Ho
TORONTO, July 27 (Reuters) - Canada's main stock index fell
on Monday, in a broad rout that tracked global equities, which
fell on the heels of a more than 8 percent plunge in Chinese
stocks.
The declines were led by the heavily weighted energy and
financial sectors, which were down 1.7 percent and 1.3 percent,
respectively.
"The energy sector is just so bad, it looks like the impact
of lower energy prices ... the hit to production and investment
seems to be quite significant," said John Johnston, chief
strategist at Davis-Rea.
"The manufacturing sector globally is still slowing and
that's really crushing commodities. That's weighing on a whole
range of stock markets."
Among oil and gas companies, Enbridge Inc ENB.TO slid 1.62
percent to C$54.52, while Suncor Energy Inc SU.TO retreated
1.27 percent to C$32.66.
Toronto Dominion Bank TD.TO led the fall in financials
with a 1.33 percent slide to C$51.17, while Royal Bank of Canada
RY.TO declined 1.2 percent to C$73.67.
At 11:23 a.m. EDT (1523 GMT), the Toronto Stock Exchange's
S&P/TSX composite index .GSPTSE fell 141.2 points, or 1
percent, to 14,045.04.
All 10 of the index's main sectors were mired in the red,
with declining shares outnumbered advancing ones on the TSX by
214 to 34, for a 6.29-to-1 ratio on the downside. The index was
posting no new 52-week highs and 49 new lows.
The materials group, home to mining firms and another major
index mover, retreated 1.3 percent.
Chinese stocks saw its biggest selloff in eight years, which
stoked concerns over the global impact of slowing growth in the
world's second-largest economy. A dramatic 8.5 percent fall in
Shanghai rattled markets around the world and sent commodity
prices falling.
"I'm somewhat kind of pessimistic on China. I certainly
don't see a crash imminent, but the economy is slower than I
would've thought," said Johnston, who expressed concerned that a
global recession could potentially be unfolding.
U.S. crude CLc1 prices were down 1.5 percent to $47.42 a
barrel, while Brent crude LCOc1 lost 2.0 percent to
$53.52. O/R
Meanwhile, gold futures GCc1 rose 0.9 percent to $1,095.4
an ounce, as prices edged closer to 5-1/2 year lows. Copper
prices CMCU3 , which hit six-year lows, tumbled 1.1 percent to
$5,206.5 a tonne. GOL/ MET/L
Restaurant Brand International QSR.TO , formed out of
Burger King's takeover of Canadian coffee and doughnut chain Tim
Hortons, was among the few gainers. Shares rose 3.5 percent to
C$54.03, after it reported a better-than-expected quarterly
profit due to strong sales. ID:nL3N10740Y