(MENAFN- ProactiveInvestors - N.America) Canadian shares declined for a third session as weaker commodity prices nudged down energy producers and miners, with Brent falling below $100 a barrel for the first time since June 2013.
The resource-sensitive Standard & Poor's/TSX Composite Index (TSE:OSPTX) fell 0.4 percent to 15,516.51 at 12:19 p.m. in Toronto. More than two shares declined for every stock that advanced.
The energy sector, the main index's second most heavily weighted group, lost 1.4 percent as Brent crude fell below $100 a barrel for the first time since June 2013. Suncor Energy (TSE:SU), Canada's largest oil sands producer, decreased 1.2 percent to C$43.53.
Athabasca Oil (TSE:ATH), an oil-sands developer focused on Alberta, slid 1.9 percent to C$7.22 after saying it has increased its 2014 capital budget to C$667 million from C$527 million and maintained its production guidance range for the second half of 2014 at 6,000 to 6,500 barrels of oil equivalent a day.
Brent for October settlement decreased 1 percent to $99.83 a barrel on the London-based ICE Futures Europe exchange at 11:35 a.m. in New York. WTI for October delivery fell 1.1 percent, to $92.31 a barrel on the New York Mercantile Exchange.
The materials sub-index, which includes mining shares, lost 1.1 percent as gold dropped to a three-month low.
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