January 9, 2009 / 3:06 PM / 9 years ago

CANADA STOCKS-TSX drops 100 points after U.S. jobs data

TORONTO, Jan 9 (Reuters) - Toronto’s main stock index fell more than 100 points on Friday morning as a rise in U.S. unemployment in December added to gloom over the outlook for the world’s biggest economy and stripped the resource-heavy index of its early gains.

At 9:54 a.m. (1454 GMT), the S&P/TSX composite index .GSPTSE was down 105.66 points, or 1.15 percent, at 9,115.92 with nine of its 10 sectors lower.

That was a sharp turnaround from early dealings when the index rallied as high as 9,267.51, a gain of 45 points, moments after the open. (Reporting by Frank Pingue; editing by Peter Galloway)

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