October 13, 2009 / 2:22 PM / 8 years ago

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) 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)                                      

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