CANADA STOCKS-TSX drops 4 pct as commodities dive

Mon Jun 22, 2009 1:40pm EDT
 
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TORONTO, June 22 (Reuters) - Toronto's main stock index was down 4 percent on Monday afternoon in a broad decline led by falling resource shares as commodity prices dropped on doubts about global economic recovery.

The S&P/TSX index .GSPTSE was down 411.07 points at 9,876.88. All of the index's 10 main groups were in the red.

The big energy group sagged 5.6 percent, while the mining-heavy materials sector was off 4.7 percent. Financials, also a heavyweight, slid 3.4 percent. (Reporting by Ka Yan Ng; editing by Peter Galloway)