CANADA STOCKS-TSX sideswiped by slide in commodity prices

Wed Jul 8, 2009 11:10am EDT
 
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TORONTO, July 8 (Reuters) - Toronto's main stock index was down 1 percent on Wednesday morning as lower commodity prices shook the resource heavy index and offset an International Monetary Fund report that said the global economy was starting to pull out of recession.

At 11:01 a.m. (1501 GMT), the S&P/TSX composite index .GSPTSE was down 98.87 points, or 1 percent, at 9,745.48.

A 1.95 percent drop by the materials group and a 1 percent skid by the energy sector were key drivers behind the retreat. (Reporting by Frank Pingue; editing by Rob Wilson)