Toronto stocks sink 100 points on oil drop

Wed Oct 1, 2008 10:09am EDT
 
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TORONTO Oct 1 (Reuters) - The Toronto Stock Exchange's main index sank 100 points shortly after the open on Wednesday, as the price of oil fell and investors awaited a key vote by the U.S. Senate on the revised $700 billion bailout for the financial industry.

The S&P/TSX composite index .GSPTSE was down 102.51 points, or 0.9 percent, at 11,650.39. (Reporting by Jennifer Kwan; Editing by Scott Anderson)