Toronto exchange down again

Worries about the eurozone debt crisis and slowing global economic conditions pushed the Toronto stock market lower Monday for a third session.

The S&P/TSX composite index lost 25.29 points to 11,634.67 with losses led by resource stocks even as prices for oil and metals started to recover from steep drops.

The Canadian dollar moved 0.07 of a cent lower to US98.11¢, as oil gained ground and the Bank of Canada’s new survey of business intentions suggested Canadian firms remain surprisingly optimistic about the next year.

The most encouraging reading by the central bank was on hiring intentions, with 59% of firms saying they plan to hire additional workers in the next 12 months, as opposed to only 6% that plan to cut jobs.

The TSX Venture Exchange added 0.63 of a point to 1,211.98.

U.S. indexes remained firmly in the red after data Friday showed the U.S. economy only cranked out an average of 75,000 jobs a month during the second quarter.

The International Monetary Fund also warned last week that it was downgrading its economic forecast.

The Dow Jones industrials fell 36.18 points to 12,736.29.

The Nasdaq composite index was down 5.56 points to 2,931.77 and the S&P 500 index lost 2.22 points to 1,352.46 .

The TSX base metals sector fell 2.17% as the September copper contract on the New York Mercantile Exchange edged up 2¢ to US$3.43 a pound following an 8¢ fall. First Quantum Minerals fell 52¢ to $18.11.

Teck Resources Ltd. said Monday it has temporarily withdrawn its social and environmental impact assessment application for the Quebrada Blanca Phase 2 copper project in Chile. Teck declined 84¢ to $31.08.

The energy sector was off 0.59% as the August crude contract on the New York Mercantile Exchange was ahead $1.54 to US$85.99 a barrel after sliding $2.77 at the end of last week.

The gold sector was off about 0.3% as bullion started to recover from Friday’s $30 decline, up $10.20 to US$1,589.10 an ounce. Iamgold was off 8¢ to $11.44 while Barrick

Gold Corp. faded 19¢ to US$37.36. The industrials sector moved down 0.34% with Canadian Pacific Railway down 58¢ to $74.45.

Bombardier Inc. said Sunday it received a conditional order valued at about $1 billion for 15 of the new C-Series aircraft it aims to begin delivering by the end of next year. Its shares slipped a penny at $4.03. In other corporate developments, Thom

son Reuters Inc. shares gave back 4¢ to $28.99 after the information provider made a friendly US$625-million offer to buy FX Alliance.