Toronto stocks open lower on soft resource shares

Tue Feb 26, 2008 9:44am EST
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TORONTO Feb 26 (Reuters) - The Toronto Stock Exchange's main index declined early on Tuesday, weighed by materials and energy issues which mirrored a fall in key commodity prices.

The resource-heavy S&P/TSX composite index .GSPTSE was down 44.74 points, or 0.3 percent, at 13,652.71.

Research In Motion RIM.TO, the BlackBerry maker, was the biggest weighted decliner, down C$2.82 at C$105.63.

The materials and energy sectors, which led a recent run-up in the TSX, slid 1.1 percent and 0.6 percent respectively.

Fertilizer-producer Potash Corp of Saskatchewan (POT.TO: Quote) dipped C$2.78 to C$160.67, while oil and gas firm EnCana (ECA.TO: Quote) fell 71 Canadian cents to C$72.38.

The prices of crude oil, spot gold and most base metals were lower in commodities markets.

($1=$0.99 Canadian) (Reporting by Jonathan Spicer; Editing by Bernadette Baum)