Toronto stocks drop, resource shares lead fall

Thu Apr 24, 2008 9:48am EDT
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TORONTO, April 24 (Reuters) - The Toronto Stock Exchange's main index, absorbing a rush of quarterly results, fell below the 14,000-level threshold on Thursday as negative outlooks from both Canadian and U.S. corporations disappointed investors.

The S&P/TSX composite index .GSPTSE quickly dropped 103.65 points, or 0.75 percent, to 13,966.15, with energy and materials sectors leading the fall.

($1=$1.02 Canadian) (Reporting by Jonathan Spicer; Editing by Scott Anderson)