TSX declines despite rebound in resource shares

Canada's main stock index fell on Tuesday despite a bounce back in resource stocks after Monday's collapse, with heavy losses recorded among industrials and telecom stocks. A rebound in commodity prices helped drive up shares of energy and mining companies, following recent selloffs. Shares of gold miners tumbled in the previous session after the price of gold slumped to a five-year low, with Chinese sellers getting rid of the precious metal. Barrick Gold Corp dropped nearly 16% on Monday.