Toronto stocks tumble as commodities drop

Fri Feb 22, 2008 10:19am EST
 
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TORONTO Feb 22 (Reuters) - The Toronto Stock Exchange's main index opened higher but quickly dropped more than 100 points on Friday morning as commodities prices fell and investors soured on a C$1.36-billion takeover announced by Royal Bank of Canada (RY.TO: Quote).

The S&P/TSX composite index .GSPTSE fell 100.31 points, or 0.7 percent, to 13,409.24.

($1=$1.01 Canadian) (Reporting by Jonathan Spicer; Editing by Peter Galloway)