November 9, 2010 / 8:23 PM / 7 years ago

CANADA STOCKS-TSX drops 1 pct as US$ rise weighs on resources

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TORONTO, Nov 9 (Reuters) - Toronto's main stock index sank 1 percent on Tuesday afternoon, after touching a two-year high earlier in the session, as a steep rise by the U.S. dollar pushed commodity prices lower.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE fell 132.09 points, or 1 percent, to 12,920.39. Earlier, the index hit 13,114.05, its strongest level since early September 2008. (Reporting by Jennifer Kwan; editing by Rob Wilson)

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