CANADA STOCKS-TSX extends decline as resources, banks fall

Wed Oct 27, 2010 10:15am EDT
 
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TORONTO Oct 27 (Reuters) - Toronto's main stock index fell more than 1 percent on Wednesday morning as mounting doubts about the size and timing of U.S. economic stimulus measures pushed up the U.S. dollar and weighed on commodity prices.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE dropped 129.37 points, or 1.02 percent, to 12,555.31, led by a 1.7 percent fall in its materials group and a 0.92 decline in its oil and gas sector. Financials were also weak performers, down 0.6 percent. (Reporting by Ka Yan Ng; editing by Peter Galloway)