TORONTO (Reuters) - main stock Toronto index fell for a fourth straight session Friday, extending its losses in 2011, as declining commodity prices and a fire in the oil sands of Alberta pulled down of oil and other resources shares.
Canadian oil company of natural resources has fallen 5.47% to C$ 40.60 after a fire late Thursday production at its oil sands of 110,000 barrels per day project.
The energy group, which represents more than a quarter of index, leads declining, down 1.1% as future crude oil U.S. end of the first week of the year with the biggest weekly percentage loss in five months.
Suncor Energy, most large oil company of the Canada was off the coast of 0.43% to C$ 36.98.
Materials, group home of the gold miners index fell from 0.64%. Goldcorp fell 1.02% to $ 42.50 C, while Barrick Gold fell 0.77% to C$ 48.69.
Gold prices have been their longest losing streak in seven months, sliding over 3% this week and to a fifth day Friday after U.S. December jobs did not encourage the safe-haven demand for data.
S & P/TSX Toronto Stock Exchange composite index took end, 39.37 points, or 0.3%, to 13,272.30. For the week, index fell to 1.27%.
"Today, we are under a little pressure, but I don't think it's something disastrous," said Fred Ketchen, head of ScotiaMcLeod Exchange equity.
"The United States, major disappointment continues to haunt their economy... continue to problems in the United States and we must be aware of the benefits that will continue to come from our neighbors to the South."
Tempering the losses of the index was 0.37% gain in financial matters, who received a lift of data showed the economy created more jobs than expected in December.
The Royal Bank of the Canada rose 0.79% to C$ 52.02, while the Bank of Nova Scotia acquired 0.68% close to C$ 56.25. Bank Toronto-Dominion increased 0.51% to C$ 74.20
"There are a few factors potentially rampant on the backs of data today hamper short-term gains: those who would be the stronger Loonie and possible concerns increases rates by the Bank of the Canada in the coming months," says Elvis Picardo, analyst and strategist at Global Securities.
"You couple that with the fact that we had an outstanding performance since December, and it is not surprising to see a minor bond."
Reuters Friday poll showed most of the Canada primary securities brokers expect the Canada Bank to resume interest rates in the first half of this year.
In the news of the sole proprietorship, chain pharmacies Group Jean Coutu, reported higher quarterly profit that exceeded expectations, dropped 0.93 C$ 9,57%. The company said it will feel the impact first of reform initiatives in sales for the medicine of Quebec this quarter.
(Reporting by Solarina Ho; editing by Peter Galloway)
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