Toronto stocks drop at open after BoC holds rates

Tue Jun 10, 2008 9:38am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TORONTO, June 10 (Reuters) - The Toronto Stock Exchange's main index tumbled 110 points early on Tuesday after the Bank of Canada left interest rates steady, surprising a market that was expecting it to cut its key lending rate.

The S&P/TSX composite index .GSPTSE was down 110.83 points, or 0.7 percent, at 14,849.93, with all ten sectors in the red.

($1=$1.02 Canadian) (Reporting by Jonathan Spicer; Editing by Bernadette Baum)