The TSX Composite Index fell 212.29 points to 13,416.68 over the April 24-30 trading period after economic reports pointed to slowing growth in the U.S. market, causing a slump in commodity related shares. Energy producers saw their shares fall after federal Environment Minister John Baird announced a plan to cut greenhouse gas emissions by 20 percent by 2020. The news fuelled speculation that Alberta's oil sands projects will have to be scaled back. The price of gold fell 11.70 US dollars to 677.00 US dollars per oz. over the session, and was continuing to fall at presstime, as oil prices weakened and Asian and European markets closed for the "Golden Week" and May Day holidays. The loss was reflected in the Global Gold Index, which fell 15.17 points to 291.78.
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