Toronto stocks sag as resource shares fall

Fri Jul 4, 2008 9:43am EDT
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TORONTO, July 4 (Reuters) - The Toronto Stock Exchange's main index slid at the open on Friday, in a broad slump prompted by declines in resource issues amid soft commodity prices.

The S&P/TSX composite index .GSPTSE was down 103.24 points, or 0.7 percent, at 14,040.33 with all but two of its 10 main sectors in a downturn.

The energy and materials sectors led the way, giving up 0.8 percent and 1.2 percent, respectively.

Meanwhile, BCE Inc BCE.TO said shortly before the market opened that buyers were sticking with the agreed C$42.75 per-share purchase price for the buyout of the telecommunications company. For details, see: [nWNA8846].

Shares of BCE were halted on the Toronto Stock Exchange and were set to resume at 10:00. ($1=$1.02 Canadian) (Reporting by Leah Schnurr; Editing by Scott Anderson)