TORONTO, Aug. 7 (Xinhua) -- Canada's main stock market index lost much ground Tuesday due to a broad-based decline following a selloff that hit most shares of the market.
The cause of selloff is unclear, but it came after Saudi Arabia announced to cease its all new trade and investment transactions with Canada after Canada's foreign ministry criticized the arrest and detention of two female activists in the kingdom.
The Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index lost 133.94 points, or 0.82 percent, to close Tuesday at 16,286.30 points.
The Canadian dollar declined 0.31 cent to 0.76.59 U.S. dollar.
Among gold stocks, Barrick Gold dropped 2.4 percent to 14.08 Canadian dollars while Kinross Gold fell 2.5 percent to 4.34 Canadian dollars.
Agnico Eagle Mines dipped 2.8 percent to 52.49 Canadian dollars while First Quantum Minerals lost 2.5 percent to 18.22 Canadian dollars.
Saputo dropped 4.4 percent to 41.86 Canadian dollars while Loblaw Companies slid 1.1 percent to 67.31 Canadian dollars.
Bombardier Inc. dipped 2.94 percent to 4.96 Canadian dollars.
