CANADA STOCKS-Sagging bank shares drag TSX to lower start

Fri Oct 16, 2009 9:37am EDT
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 TORONTO, Oct 16 (Reuters) - Toronto's main stock index
opened lower on Friday as investors sold Royal Bank of Canada
(RY.TO: Quote) and its peers after a U.S. bank reported a quarterly
loss that was steeper than expected.
 The S&P/TSX composite index .GSPTSE fell 43.57 points, or
0.38 percent, to 11,460.94 at the open.
 (Reporting by Frank Pingue)