CANADA STOCKS-TSX sags at open on RBC results, Bernanke in view

Fri Aug 26, 2011 9:41am EDT
 
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TORONTO Aug 26 (Reuters) - Toronto's main stock market index fell at the open on Friday, led down by weakness in financials after results from Royal Bank of Canada (RY.TO: Quote) disappointed the market.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE fell 0.32 of a point to 12,283.99 at the opening bell, and then extended losses. Eight sectors were lower, with financials shedding 1.6 percent.

Risk sentiment was also weak ahead of a speech from U.S. Federal Reserve Chairman Ben Bernanke on the economy later in the morning. (Reporting by Ka Yan Ng; editing by Peter Galloway)