July 28, 2009 / 3:46 PM / in 8 years

CANADA STOCKS-TSX extends losses in broad decline

TORONTO, July 28 (Reuters) - Toronto’s main stock index fell 2 percent late on Tuesday morning, dragged lower by its financial and resource-linked sectors as weak U.S. corporate earnings prompted profit-taking.

The S&P/TSX composite index .GSPTSE was down 216.18 points, or 2.01 percent, at 10,541.25.

The selloff, which affected all 10 of the TSX index’s sectors, came a day after the TSX rallied to its highest level in nearly 10 months and after a 44 percent climb from the five-year low it fell to in March. (Reporting by Ka Yan Ng; editing by Peter Galloway)

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