Toronto stocks fall along with commodities

Thu May 1, 2008 9:43am EDT
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TORONTO May 1 (Reuters) - The Toronto Stock Exchange's main index slipped early on Thursday, tripped by falling energy and materials shares that reflected soft commodity markets.

The S&P/TSX composite index .GSPTSE was down 53.83 points, or 0.4 percent, at 13,883.21, with four of its 10 main groups in the red.

Suncor Energy (SU.TO: Quote) led all decliners, down C$2.62 at C$111.03 as the prices of both crude oil and natural gas moved inversely to the rising U.S. dollar.

On the upside, SNC-Lavalin Group Inc (SNC.TO: Quote), which said on Thursday it swung to a first-quarter profit, rose 96 Canadian cents to C$51.47.

($1=$1.02 Canadian) (Reporting by Jonathan Spicer; Editing by Scott Anderson)