October 21, 2008 / 1:46 PM / 9 years ago

Toronto stock index opens nearly 3 pct lower

TORONTO, Oct 21 (Reuters) - The Toronto Stock Exchange’s main index fell hard at the open on Tuesday as easing commodity prices put pressure on resource issues and profit-taking took hold after two consecutive days of strong gains.

The S&P/TSX composite index .GSPTSE dropped 301.19 points, or 2.94 percent, to 9,950.21, with all but one of its 10 main groups lower.

$1=$1.20 Canadian Reporting by Ka Yan Ng; Editing by Peter Galloway

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