June 10, 2008 / 1:39 PM / 9 years ago

Toronto stocks drop at open after BoC holds rates

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

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