CANADA STOCKS-TSX extends fall as resources, banks sag

Thu May 20, 2010 10:31am EDT
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TORONTO May 20 (Reuters) - Toronto's main stock index extended its decline on Thursday, led by the hefty resources group, on concern that austerity policies needed to pull fiscally weak EU countries into line will hurt European and world growth.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE slumped 233.14 points, or 2 percent, to 11,432.63. It then fell further to hit 11,409.45, its lowest level since Feb. 12.

All 10 main groups were lower, with the heaviest weighted financials, energy, and materials sectors posting losses of more than 2 percent. (Reporting by Ka Yan Ng; editing by Rob Wilson)