Toronto stocks plunge as Lehman fails, oil drops

Mon Sep 15, 2008 4:03pm EDT
 
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TORONTO, Sept 15 (Reuters) - The main index of the Toronto Stock Exchange's plunged almost 500 points on Monday in a broad selloff triggered by the failure of Wall Street investment bank Lehman Brothers LEH.N and a big drop in the price of oil.

The S&P/TSX composite index .GSPTSE fell 488.58 points, or 3.83 percent, to unofficially close at 12,281.00. (Reporting by Wojtek Dabrowski; editing by Peter Galloway)