April 3, 2012 / 2:43 PM / 5 years ago

TSX down 1 percent on weak banks, resources

TORONTO, April 3 (Reuters) - Toronto’s main stock index extended losses sharply on Tuesday, hurt by soft commodity prices and a drop in shares of Royal Bank of Canada.

U.S. regulators have accused the bank of running a trading scheme “of massive proportion.”

The Toronto Stock Exchange’s S&P/TSX composite index was down 124.99 points, or 1.0 percent, at 12,382.07.

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