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: 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)