October 16, 2009 / 1:38 PM / 9 years ago

CANADA STOCKS-Sagging bank shares drag TSX to lower start

 TORONTO, Oct 16 (Reuters) - Toronto’s main stock index opened lower on Friday as investors sold Royal Bank of Canada (RY.TO) 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)                                      

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