Resources Stocks Lead TSX Lower -- Canadian Commentary

(RTTNews) - Canadian stocks fell Monday amid lingering weakness in the energy and mining sectors, as most commodity prices were lower.

China's economy grew 6.9% in the third quarter, the weakest rate since the global financial crisis in 2009.

Metals fell sharply, including copper, while crude oil futures slipped near $45 a barrel.

The S&P/TSX composite index fell 79.72 points to 13,758.38.

Valeant Pharmaceuticals International (VRX.TO) dropped 6.3 percent, despite a stronger than expected third quarter profit. The company also increased its fourth quarter and full year forecast.

Yellow Pages (Y.TO) was flat. The company announced that it is providing business data to Apple for local search in Canada.

Enghouse Systems (ESL.TO) jumped 10.6 percent. The company has agreed to acquire CTI Group for approximately US$22.5 million.

Gold for December delivery fell $10.30, or 0.8%, to settle at $1,172.80 an ounce on Comex -- the worst daily performance in two weeks.