Toronto stocks edge lower on sour banks

Mon Feb 25, 2008 9:46am EST
 
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TORONTO Feb 25 (Reuters) - The Toronto Stock Exchange's main index dipped early on Monday, weighed down by financial issues.

The S&P/TSX composite index .GSPTSE was down 15.07 points, or 0.1 percent, at 13,570.86 with half of its 10 main groups in negative territory.

The financial sector, which enjoyed a late-day rally in the previous session, fell 0.9 percent with Royal Bank of Canada (RY.TO: Quote) off 70 Canadian cents at C$49.80.

On the upside, the oil and gas sector advanced 0.8 percent with EnCana (ECA.TO: Quote) leading the way, up 74 Canadian cents at C$72.50. The materials sector added 0.4 percent with Potash Corp of Saskatchewan (POT.TO: Quote) up 73 Canadian cents at C$159.25.

($1=$1.00 Canadian) (Reporting by Jonathan Spicer; Editing by Scott Anderson)