CANADA STOCKS-TSX falls as commodities pressure

Thu Jan 29, 2009 9:43am EST
 
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TORONTO Jan 29 (Reuters) - Toronto's main stock index fell 1.25 percent at the open on Thursday as weak underlying commodity prices pressured resource stocks.

The S&P/TSX composite index .GSPTSE dropped 111.40 points, or 1.25 percent, to 8,794.83. Six of the index's 10 main groups were in the red.

Financials also dropped along with European and U.S. banking stocks over worries that the $825 billion U.S. stimulus package could still face a bumpy road ahead. (Reporting by Ka Yan Ng)