Tech Weakness Pummels Canada Markets

London's key index drops as report indicates soaring wage growth; Japan's Nikkei stumbles on profit taking

Canada's benchmark TSE 300 closed down 72.8 points, or 1%, to 7532.70, led by a technology-stock skid. Nortel hit another two-year low, and the tech-heavy industrials product group fell 2.7%. More evidence of a slowing U.S. economy also pressured the TSE 300. Nine of the 14 subindices fell, while four rose -- led by oil and gold issues.

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