CANADA STOCKS-TSX falls 1 pct as gold tumbles after Fed comments

Wed Feb 29, 2012 11:41am EST
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TORONTO Feb 29 (Reuters) - Toronto's main stock index fell sharply on Wednesday morning as materials issues were hit by tumbling gold prices, which skidded after comments by U.S. Federal Reserve Chairman Ben Bernanke helped push up the U.S. dollar.

At about 11:30 a.m. (1630 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 130.80 points, or 1 percent, at 12,609.67, its lowest point in a week. The market had risen after the open, climbing as high as 12,788.63.