February 22, 2008 / 3:22 PM / 10 years ago

Toronto stocks tumble as commodities drop

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).

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

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