Toronto stocks drop on Fed rate cut disappointment

Tue Dec 11, 2007 2:58pm EST
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TORONTO Dec 11 (Reuters) - The Toronto Stock Exchange's main index fell more than 100 points on Tuesday afternoon, as investors who expected an aggressive U.S. interest rate cut were disappointed by a more modest move.

The S&P/TSX composite index fell 101.69 points, or 0.7 percent, to 13,838.67 with little more than an hour left in the trading day.

($1=$1.01 Canadian) (Reporting by Wojtek Dabrowski; Editing by Bernadette Baum)