Canadian Stocks Fall Along With Oil Prices

(RTTNews) - Canadian stocks fell Tuesday along with oil prices that closed below $40 a barrel for the first time in four months.

Bay Street finally showed signs of strain after being able to withstand the recent decline in oil prices.

The S&P/TSX Composite Index dropped 107 points, 0.74 percent, to 14,475 -- trimming July's strong gains and easing from an 11-month peak.

Energy stocks lost 2.5 percent, while health cares shares plunged 3.5 percent. Financials were also notably lower.

Rising gold stocks prevented a larger decline for the broader market.

In corporate news, Silver Wheaton (SLW.TO) has increased its gold stream from the Salobo Mine and revised production guidance. Shares were up 5.1 percent.

Bombardier (BBD.B.TO) said Metrolinx will buy an additional 125 BiLevel commuter rail cars for service with GO Transit in Toronto.