CANADA STOCKS-TSX falls 300 points amid company downgrades

Mon Dec 22, 2008 2:32pm EST
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TORONTO Dec 22 (Reuters) - Toronto's main stock index shed more than 3.5 percent on Monday as analyst downgrades of energy and fertilizer companies dragged the resource-heavy market into a broad selloff.

All of the TSX index's 10 main groups were lower. The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE fell 303.40 points, or 3.55 percent, to 8,248.60. (Reporting by Wojtek Dabrowski; editing by Peter Galloway)