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CANADA STOCKS-TSX falls to new 8-week low on hawkish Fed, lower gold prices

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

prices .

(Reporting by Nichola Saminather; Editing by Nick Zieminski)