May 13, 2020 / 1:48 PM / 14 days ago

CANADA STOCKS-TSX opens lower as Fed's Powell warns of prolonged recession

(Reuters) - Canada’s main stock index opened lower on Wednesday, tracking Wall Street, as U.S. Federal Reserve Chairman Jerome Powell warned of a prolonged recession due to the coronavirus outbreak.

* At 9:36 a.m. ET (13:36 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 118.86 points, or 0.8%, at 14,762.3. (Reporting by Amal S in Bengaluru; Editing by Ramakrishnan M.)

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