Toronto stocks drop 100 points on banks, resources

Tue Mar 4, 2008 11:12am EST
 
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TORONTO, March 4 (Reuters) - Toronto's main stock market index dropped more than 100 points by late morning on Tuesday as disappointing bank results and retreating commodities put investors in a selling mood.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 114.32 points, or 0.8 percent, at 13,430.06. ($1=$0.99 Canadian) (Reporting by Scott Anderson; Editing by Renato Andrade)