CANADA STOCKS-TSX slumps 2 pct on worries over global economy

Tue Oct 23, 2012 9:52am EDT
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TORONTO Oct 23 (Reuters) - Canada's main stock index tumbled on Tuesday morning, with energy and mining shares leading the market down 2 percent after a downgrade of five Spanish regions and lacklustre corporate earnings in the United States rekindled worries about the global economy.

The Toronto Stock Exchange's S&P/TSX composite index sank 248.65 points, or 2 percent, to 12,154.89. All but 5 stocks on the entire index were in negative territory, with energy stocks down 2.65 percent and the materials group off 2.54 percent.