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TSX falters at open as financials, materials drag

2023-08-03 21:59
Canada's main stock index lagged at open on Thursday, hurt by losses in materials and financials stocks as
TSX falters at open as financials, materials drag

Canada's main stock index lagged at open on Thursday, hurt by losses in materials and financials stocks as risk appetite remained on a weak footing a day after a surprise downgrade of the United States' credit rating.

At 9:30 a.m. ET (1330 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 91.8 points, or 0.45%, at 20,126.41.

(Reporting by Siddarth S in Bengaluru; Editing by Milla Nissi)