Toronto stocks drop 200 points on bank woes

Tue Jan 15, 2008 10:23am EST
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TORONTO Jan 15 (Reuters) - Toronto's main stock market index dropped more than 200 points on Tuesday amid falling commodities shares and worries over the health of the North American banking shares and another writedown at Canadian Imperial Bank of Commerce (CM.TO: Quote).

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE fell 201.19 points, or 1.5 percent, at 13,497.09. ($1=$1.02 Canadian) (Reporting by Scott Anderson; Editing by Renato Andrade)