CANADA STOCKS-Soft financials drag TSX lower

Wed Mar 3, 2010 3:01pm EST
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TORONTO, March 3 (Reuters) - Toronto's main stock market index turned negative on Wednesday, weighed by soft financials after weaker-than-expected results from Royal Bank of Canada RY.TO.

Royal shed 2.25 percent to C$56.93, one of the weak spots of the financials group that was down 0.58 percent at late afternoon.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was off 14.94 points, or 0.13 percent, at 11,813.37. Gains were also pared in the heavyweight energy and materials groups.

(Reporting by Ka Yan Ng)