CANADA STOCKS-TSX extends drop as banks weigh
TORONTO, Oct 13 (Reuters) - Toronto's main stock index deepened an early decline on Tuesday morning, led lower by Royal Bank of Canada (RY.TO: Quote) and other banks as they tracked weakness in U.S. financial issues.
Financials fell more than 1 percent, under pressure after prominent U.S. banking analyst Meredith Whitney downgraded her rating on Goldman Sachs Group (GS.N: Quote) to "neutral" from "buy".
The S&P/TSX composite index .GSPTSE was down 130.71 points, or 1.14 percent, at 11,306.21. (Reporting by Ka Yan Ng; editing by Peter Galloway)
© Thomson Reuters 2017 All rights reserved.