CANADA STOCKS-TSX pummeled in broad selloff

Mon Mar 2, 2009 4:06pm EST
 
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TORONTO, March 2 (Reuters) - Toronto's key stock index fell more than 5.5 percent on Monday, its biggest one-day drop in three months, due to weaker oil prices and data that showed the Canadian economy shrank during the fourth quarter.

The S&P/TSX composite index .GSPTSE unofficially ended the session down 5.59 percent, or 454.06 points, at 7,668.96, erasing all of last week's 2 percent gain. All 10 of the TSX's sectors ended the session firmly in lower territory. (Reporting by Frank Pingue; Editing by Peter Galloway)