Toronto stocks turn positive after 100 point drop

Tue Jan 22, 2008 9:43am EST
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TORONTO Jan 22 (Reuters) - Toronto's main stock market turned positive after dropping more than 100 points at the open on Tuesday as investors digested interest rate cuts on both sides of the border.

In early trading, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 4.40 points at 12,136.53 after dropping 113.53 points, or 0.9 percent, to 12,018.60, at the open. ($1=$1.03 Canadian) (Reporting by Scott Anderson; Editing by Bernadette Baum)