Teck (NYSE:TCK), Kinross (NYSE:KGC), Goldcorp (NYSE:GG) Drop on Stronger U.S. Dollar

Canadian stocks across the overall market dropped as the U.S. dollar strengthened, including Canadian-based miners Teck Resources Ltd. (NYSE:TCK), Kinross Gold Corp. (NYSE:KGC) and GoldCorp Inc. (NYSE:GG).

Out of the twelve sectors represented on the Toronto Stock Exchange, eleven of them dropped.

The index measuring the diversified metals and mining sector lost 2.56 percent, with Teck Resources closing at $48.08 in New York, dropping $2.07, or 4.13 percent. Lundin Mining (TSE:LUN) closed in Toronto at $6.64, losing $0.19, or 2.79 percent.

Gold miner Kinross fell to $18.47, losing $0.67, or 3.50 percent. Goldcorp closed in New York at $46.30, dropping $1.28, or 2.69 percent. Trading volume on both was far above the 3-month average.

The U.S. dollar bought 1.0078 Canadian dollars at 2000 GMT.