CANADA STOCKS-TSX extends drop as banks weigh

Tue Oct 13, 2009 10:20am EDT
 
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 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 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 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)