TSX closes lower as metal prices weigh on miners

TORONTO (Reuters) – The TSX closed down on Monday as mining issues sagged on lower metal prices and euro zone debt worries stoked investor fears of a slowdown in global demand. Materials issues led the fall, dropping 2.2 percent as gold and base metal prices slid on worries of softening demand from China, and concerns mounted that the European debt crisis will hurt global growth. “I think everybody has just thrown up their hands and said ‘we’re out of here’,” said Barry Schwartz, vice-president and portfolio manager at Baskin Financial Services. …