Falling oil, weak results hit Toronto stocks

Tue Jul 22, 2008 10:22am EDT
 
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TORONTO, July 22 (Reuters) - Toronto stocks dropped 200 points in morning trading on Tuesday as soft energy prices, weak results from a top railway company and bleak news from a big U.S. financial institution weighed on the market.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 200.76 points, or 1.5 percent, at 13,488.43. ($1=$1.01 Canadian) (Reporting by Scott Anderson; Editing by Bernadette Baum)