CANADA STOCKS-TSX hammered by falling commodity prices

Mon Jan 12, 2009 4:06pm EST
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TORONTO Jan 12 (Reuters) - Toronto's main stock index fell more than 3 percent on Monday as tumbling commodity prices rattled the resource-heavy index and knocked it to its lowest closing level in two weeks.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE unofficially closed down 297.02 points, or 3.27 percent, at 8,788.16. The slide was headlined by sharp selloffs in the energy and materials sectors. (Reporting by Frank Pingue; editing by Peter Galloway)