CANADA STOCKS-TSX drops 1 pct on retreating golds

Thu Oct 7, 2010 12:44pm EDT
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 TORONTO, Oct 7 (Reuters) - Toronto's main stock index slid
1 percent at midday on Thursday as gold shares extended a steep
decline on the back of a weakening price for the precious
 The S&P/TSX composite index .GSPTSE tumbled 124.79 points
to 12,376.93, with the materials group, home to gold miners,
posting the heaviest loss  -- more than 2 percent. Eight of the
index's 10 main groups were lower at midday.
 (Reporting by Ka Yan Ng; editing by Peter Galloway)