August 5, 2008 / 1:46 PM / in 9 years

Toronto stocks drop 2 pct on commodity selloff

TORONTO, Aug 5 (Reuters) - Toronto’s main stock market index plunged more than 300 points at the open on Tuesday on the back of steep declines in prices of key commodities, including gold and crude oil.

Just after the open, the Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE main index was down 305.90 points, or 2.3 percent, at 13,190.60. ($1=$1.04 Canadian) (Reporting by Scott Anderson; Editing by Bernadette Baum)

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