TORONTO (Bloomberg) — Canadian stocks fell for a third day and had their worst start to a year since 2000. Commodities producers including Barrick Gold Corp. paced the drop as crude oil, copper and gold slumped this week on concern that global demand for resources will cool.Interest-rate sensitive financial shares such as Royal Bank of Canada dropped today as better-than-expected North American jobs growth reduced the likelihood of interest rate cuts by central banks in the US and Canada. The Standard & Poor’s/TSX Composite Index declined 75.63, or 0.6 percent, to 12,477.97 in Toronto. The benchmark lost 3.3 percent since December 29, for its worst first week of a year since a 4.2 percent loss in 2000.

Measures of raw-materials and energy shares, which make up more than two-fifths of the S&P/TSX’s value, were down 1.2 percent and up 0.3 percent, respectively today, for weekly slides of 6.1 and 6.3 percent.