CANADA STOCKS-TSX turns negative on Manulife share issue

Tue Dec 2, 2008 9:55am EST
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TORONTO Dec 2 (Reuters) - The Toronto Stock Exchange's main index turned negative on Tuesday after Manulife Financial (MFC.TO: Quote) warned that it expects to report a quarterly loss and said it will issue more than C$2 billion in new stock.

The S&P/TSX composite index .GSPTSE was down 3.47 points, at 8,408.74 after rising as 120 points at the open. (Reporting by Frank Pingue; editing by Peter Galloway)