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.

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)