Feb 1 (Reuters) - Canada's benchmark stock index fell to a new eight-week low on Thursday, on track for its fourth day of losses, as a hawkish Federal Reserve sapped demand for equities and gold prices slipped.
* The Toronto Stock Exchange's S&P/TSX composite index opened 0.2 lower percent, and was trading down 56.65 points, or 0.36 percent, at 10:01 a.m. EST (1501 GMT). It earlier touched its lowest level since Dec. 6.
* Financial information company Thomson Reuters Corp was the biggest decliner for the second straight day, after some analysts cut their ratings. Rating agency Standard & Poor's also placed the company on credit watch "negative" from "stable," and Moody's Investor Service put its rating on review for a downgrade. The company on Tuesday announced a deal to sell 55 percent of its Financial & Risk business to Blackstone Group .
* NovaGold Resources was among the biggest decliners.
* Gold prices fell 0.2 percent to $1,342.58 an ounce.
* Hudbay Minerals was the biggest gainer on the
index, rising 2.6 percent, despite a 0.4 percent drop in copper
(Reporting by Nichola Saminather; Editing by Nick Zieminski)