CANADA STOCKS-Index closes down but well off steep lows

Fri Oct 24, 2008 4:08pm EDT
 
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TORONTO Oct 24 (Reuters) - The Toronto Stock Exchange's main index closed lower on Friday but well off the steep lows hit early in the day.

The S&P/TSX composite index .GSPTSE unofficially closed down 120.09 points, or 1.29 percent, to 9,211.26 as financial stocks slid on fears of a prolonged global economic slowdown, while a drop in oil pressured the energy group. (Reporting by Jennifer Kwan; Editing by Peter Galloway)