Canada's main stock index fell
on Monday, touching its lowest point in almost three weeks, led
by weaker energy stocks as oil dropped, with investors worried
about the euro zone debt crisis ahead of a European Union summit
later this week.
Global equity and commodity markets dropped on investor
skepticism that a June 28-29 European summit would produce
substantive measures to tackle the debt crisis.
"These are indicators that are suggesting that the global
growth environment isn't extremely healthy. Europe remains a
very large cause for concern," said Marco Lettieri, economist at
National Bank Financial in Montreal.
"As a result there's a high risk premium that continues to
be put on to the market."
At about 10:35 a.m. (1435 GMT) The Toronto Stock Exchange's
S&P/TSX composite index was down 95.89 points, or 0.84
percent, at 11,339.65.
The index at one point hit 11,312.13, its weakest level
since June 4.