May 7, 2008 / 8:09 PM / in 9 years

Despite high oil, Toronto stocks dip amid profit taking

TORONTO, May 7 (Reuters) - The main index of the Toronto Stock Exchange gave up ground on Wednesday as strong oil prices failed to dissuade investors from trimming their holdings by taking profits.

The S&P/TSX composite index .GSPTSE fell 43.20 points, or 0.3 percent, to unofficially close at 14,371.10. (Reporting by Wojtek Dabrowski; editing by Renato Andrade)

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