CANADA STOCKS-TSX drops 3 pct to lowest in almost a year
TORONTO, Aug 8 (Reuters) - Toronto's main stock market index fell to its lowest in nearly a year shortly after the open on Monday as Standard & Poor's cut to the top-tier AAA credit rating of the United States shook investor confidence, knocking commodity prices lower.
The resource-heavy Toronto Stock Exchange's S&P/TSX composite index .GSPTSE lost 392.77 points, or 3.23 percent, to 11,769.40, its lowest since Aug. 27, 2010. All 10 main sectors were on the decline, led by a 4.5 percent tumble in the oil and gas sector. (Reporting by Ka Yan Ng; Editing by Jeffrey Hodgson)
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