Toronto stocks plunge in resource selloff

Tue Sep 2, 2008 4:06pm EDT
 
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TORONTO, Sept 2 (Reuters) - The Toronto Stock Exchange's main index was hammered by a selloff in resources on Tuesday, diving 3 percent as oil prices fell on fading concerns over the impact from Hurricane Gustav on the U.S. oil industry.

The S&P/TSX composite index .GSPTSE unofficially closed down 444.36 points, or 3.23 percent, at 13,326.89. (Reporting by Leah Schnurr; editing by Rob Wilson)