January 15, 2008 / 4:53 PM / in 10 years

Toronto stocks slump 300 points on banks, resources

TORONTO, Jan 15 (Reuters) - Toronto’s main stock market index dived to its lowest level in more than three weeks on Tuesday amid falling commodity prices and abiding worries over North American financial shares.

By late morning, the Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE was down 300.97 points, or 2.2 percent, at 13,397.31. ($1=$1.02 Canadian) (Reporting by Scott Anderson; Editing by Bernadette Baum)

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