Canada's main stock index fell on Wednesday as sluggish economic data out of China and a resurgence of debt crisis fears in Portugal revived global growth concerns and caused declines in most major sectors, offsetting a jump in shares of gold miners.
Data showed China's services sector expanded only modestly in June with the vast construction industry acting as a drag on growth, a further sign that the world's second-largest economy is losing momentum.
Portuguese 10-year bond yields topped 8 percent and its stock market dived after the country's president summoned main political parties for crisis talks over the government's future.
The market fears a snap election could derail Lisbon's exit from an international bailout.
The Toronto Stock Exchange's S&P/TSX composite index was down 45.61 points, or 0.38 percent, at 12,132.71.
Nine of the 10 main sectors on the index were in the red on Wednesday.
Source: Reuters
