Toronto stocks end flat after early plunge

Tue Sep 16, 2008 4:27pm EDT
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TORONTO, Sept 16 (Reuters) - The Toronto Stock Exchange's main index finished flat on Tuesday, after hitting the lowest level in almost two years early in the day as investors fretted over the fate of beleaguered U.S. insurer American International Group (AIG.N: Quote) and the price of oil plunged to a seven-month low.

The S&P/TSX composite index .GSPTSE unofficially closed down 7.26 points, or 0.06 percent, at 12,246.77. The benchmark briefly entered official bear-market territory earlier in the session, touching a low of 11,903.09. (Reporting by Natasha Elkington; Editing by Peter Galloway)