Toronto stocks slump 200 points on energy, banks

Mon Jan 7, 2008 10:40am EST
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TORONTO Jan 7 (Reuters) - Toronto stocks fell more than 200 points in morning trading on Monday, led by banking and resource shares on speculation of a writedown at another Canadian bank and as energy issues dropped on forecasts of a warmer-than-expected winter.

By midmorning, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 201.54 points, or 1.5 percent, at 13,577.04. ($1=$1.00 Canadian) (Reporting by Scott Anderson; Editing by Bernadette Baum)