CANADA STOCKS-TSX tumbles 3 percent, nears 5-year low

Mon Feb 23, 2009 3:33pm EST
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TORONTO Feb 23 (Reuters) - Toronto's key stock index fell 3 percent and neared its lowest level in more than five years on Monday, hit by a mix of lower commodity prices, weak domestic data and nagging concerns about U.S. banks.

At 3:26 p.m. (2026 GMT), the S&P/TSX composite index .GSPTSE was down 245.87 points, or 3.09 percent, at 7,704.12. That left the index less than 60 points from its lowest level since October 2003. (Reporting by Frank Pingue; editing by Rob Wilson)