December 11, 2007 / 8:54 PM / 10 years ago

Toronto stocks plunge on Fed cut disappointment

1 Min Read

TORONTO, Dec 11 (Reuters) - The Toronto Stock Exchange's main index fell more than 200 points on Tuesday afternoon, as investors who expected an aggressive U.S. interest rate cut were disappointed by a more modest move and instability fears continued to weigh on the market.

The S&P/TSX composite index was down 201.42 points, or 1.5 percent, at 13,738.94 in late trade.

$1=$1.01 Canadian Reporting by Wojtek Dabrowski; Editing by Peter Galloway

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