CANADA STOCKS-TSX extends losses on oils, financials

Tue May 12, 2009 12:35pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TORONTO May 12 (Reuters) - Toronto's main stock index fell 1 percent at midday on Tuesday as the energy sector turned lower as the price of crude reversed course and dropped, with its losses adding to those of the weakening financials group.

The S&P/TSX composite index .GSPTSE fell 100.46 points, or 1 percent, to 9,993.68. Six of the index's 10 main groups were lower, with the heavyweight financials leading the way with a 2.94 percent drop.

The price of oil slipped after earlier touching $60 a barrel, knocking down the energy group, which was off more than 1 percent. (Reporting by Ka Yan Ng; editing by Peter Galloway)