Toronto stocks drop 0.9 pct at open on oil, CIBC

Tue Jan 15, 2008 9:39am EST
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TORONTO Jan 15 (Reuters) - Toronto's main stock market index dropped more than 100 points at the open on Tuesday amid falling commodities shares and worries over another writedown at Canadian Imperial Bank of Commerce (CM.TO: Quote).

Just after the open, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 124.75 points, or 0.9 percent, at 13,573.53. ($1=$1.01 Canadian) (Reporting by Scott Anderson; Editing by Bernadette Baum)