CANADA STOCKS-Toronto index falls 6.8 percent at open

Fri Oct 24, 2008 9:35am EDT
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TORONTO Oct 24 (Reuters) - The Toronto Stock Exchange's main index dropped nearly 7 percent at the open on Friday in line with a wave of sharp drops on equity markets worldwide as recession fears gained momentum.

The S&P/TSX composite index .GSPTSE slid 663.40 points, or 6.8 percent, to 8,697.95, with all 10 of its main sectors down.

($1=$1.27 Canadian) (Reporting by Ka Yan Ng; Editing by Peter Galloway)