CANADA STOCKS-TSX drops more than 200 points as banks weigh

Tue Dec 9, 2008 2:34pm EST
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TORONTO Dec 9 (Reuters) - Toronto's main stock index was down more than 200 points at midafternoon on Tuesday as the heavily weighted financial index was dragged lower by Royal Bank of Canada RY.TO after the bank said it plans to issue shares to beef up its capital ratio.

At 2.28 p.m. (1928 GMT), the S&P/TSX composite index .GSPTSE was down 201.58 points, or 2.35 percent, at 8,365.54, with eight of its 10 main groups lower. (Reporting by Frank Pingue; editing by Peter Galloway)