| CANADA STOCKS-TSX drops 1 percent on Fed comments, commodity prices | |
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TORONTO, Sept 18 (Reuters) - Canada's main stock index fell 1 percent on Friday as investors held on to concerns raised by the U.S. Federal Reserve about global economic growth and sell-offs in the prices of copper and oil weighed on resource shares. "There's potential over the next month or so that we could see weakness in the markets while this sorts itself out," he said. The Toronto Stock Exchange's S&P/TSX composite index closed down 140.26 points, or 1.02 percent, at 13,646.90. Six of the 10 main sectors on the index were in the red. The energy sector slumped 2.2 percent. Suncor Energy Inc dropped 3.1 percent to C$34.05, and Canadian Natural Resources Ltd declined 3.6 percent to C$26.95. In the mining sector, First Quantum Minerals Ltd fell 8.4 percent to C$6.95 and Teck Resources Ltd lost 6.8 percent to C$8.12. Financials, the index's most heavily weighted sector, slipped 1.6 percent. Bank of Nova Scotia gave back 1.8 percent to C$58.10. (Reporting by John Tilak; Editing by W Simon and Jonathan Oatis)
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Suncor Energy is a and oil producing company based in Canada. Suncor Energy holds various exploration projects in Canada. Its main exploration property is SUNCOR OPERATIONS & BASE MINE in Canada. |