March 1, 2013 / 2:39 PM / 5 years ago

CANADA STOCKS-TSX opens lower with U.S. spending cuts imminent

TORONTO, March 1 (Reuters) - Canada's main stock index
opened lower on Friday, led by energy and financial issues, as
U.S. lawmakers failed to cut a deal to prevent impending budget
cuts that could threaten the recovery of Canada's largest
trading partner.
    The Toronto Stock Exchange's S&P/TSX composite index
 was down 44.62 points, or 0.35 percent, at 12,777.21
shortly after the open.

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