Energy, Metals Lead TSX Lower -- Canadian Commentary

(RTTNews) - Canadian stocks fell Tuesday, with weakness seen among resource producers amid dwindling demand for energy and metals.

Taking a cue from losses in Europe, Bay Street investors remained skittish due to concerns about the global economy.

U.S. durable goods orders continued to decline in September and consumer confidence tumbled in October, cementing expectations the Federal Reserve will delay raising interest rates.

The Fed makes its interest rate announcement Wednesday afternoon.

The benchmark S&P/TSX Composite Index was down 91.30 points or 0.66 percent at 13,699.60.

The Energy Index was down about 2 percent. Crude oil prices dropped near $43 a barrel to the lowest since late August.

Canadian National Railway Co (CNR.TO) released earnings for its third quarter that climbed 19% compared to the same period last year.

The company said its bottom line advanced to C$1.01 billion, or C$1.26 per share. This was higher than C$0.85 billion, or C$1.04 per share, in last year's third quarter.

DH Corp. (DH.TO) reported Q3 Adj. EPS C$0.62 Vs C$0.63 Last Year. The company is also claiming a short-seller report is "misleading."