CANADA STOCKS-TSX opens higher but quickly goes negative

Tue Jan 20, 2009 9:37am EST
 
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TORONTO Jan 20 (Reuters) - Toronto's main stock index opened slightly higher on Tuesday before quickly falling into negative territory as a sharp skid in oil prices weighed on the resource-heavy index.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE rose 17.99 points, or 0.2 percent, to 8,859.47 at the open. Minutes later it was down 34.50 points, or 0.42 percent, at 8,804.21. Five of the TSX's 10 sectors were lower. (Reporting by Frank Pingue; editing by Peter Galloway)