TSX extends drop as banks weigh

12 mins ago

TORONTO (Reuters) – Toronto's main stock index deepened an early decline on Tuesday morning, led lower by Royal Bank of Canada 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 to "neutral" from "buy".
The S&P/TSX composite index was down 130.71 points, or 1.14 percent, at 11,306.21.
(Reporting by Ka Yan Ng; editing by Peter Galloway)