CANADA STOCKS-TSX closes in the red as financials weigh

Tue Sep 1, 2009 4:07pm EDT
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TORONTO, Sept 1 (Reuters) - Toronto's main stock index sank on Tuesday, led by weakness in the weighty financial sector as investors locked in profits after a surprisingly strong earnings period last week, and on wariness about a market rally that has driven stocks up some 40 percent since early March.

The S&P/TSX composite index .GSPTSE unofficially closed down 178.73 points, or 1.64 percent, at 10,689.48. Nine of the index's 10 main groups were lower, with only the information technology group rising. (Reporting by Jennifer Kwan; Editing by Jeffrey Hodgson)