CANADA STOCKS-TSX drops on global risk selloff

Tue Jun 1, 2010 9:41am EDT
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TORONTO, June 1 (Reuters) - Toronto's main stock index fell more than 1 percent shortly after the open on Tuesday as commodity prices and global equities tumbled on euro zone fears and Chinese growth doubts.

The fall came after the Bank of Canada raised its key interest rate by a quarter percentage point.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 119.72 points, or 1.02 percent, at 11,643.27. (Reporting by Claire Sibonney; Editing by Peter Galloway)