October 24, 2008 / 1:37 PM / 9 years ago

CANADA STOCKS-Toronto index falls 6.8 percent at open

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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

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