CANADA STOCKS-TSX slumps 2 pct in resource dive

Wed May 19, 2010 12:03pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TORONTO May 19 (Reuters) - Toronto's main stock index shed more than 2 percent on Wednesday morning, dragged down by battered gold and energy shares, in a retreat triggered by investor fears over Germany's ban on some risky bets aimed at limiting speculative trading.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE extended the session's steep losses, falling 242.81 points, or 2.1 percent, to 11,521.70 by midday. Nine of its 10 main sectors were in the red, with half the groups posting declines of 1 percent or more.

Materials were the main drag, spurred by deep losses in gold issues, down more than 4 percent. (Reporting by Ka Yan Ng; editing by Rob Wilson)