Toronto stocks drop 100 points on weak commodities

Mon Jan 28, 2008 9:45am EST
 
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TORONTO Jan 28 (Reuters) - Toronto's main stock market index dropped more than 100 points near the open on Monday on weak oil and materials shares and amid caution ahead of a U.S. interest rate decision later in the week.

Just after the open, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 103.69 points, or 0.8 percent, at 12,791.14. ($1=$1.01 Canadian) (Reporting by Scott Anderson; Editing by Bernadette Baum)