Salem Radio Network News Friday, June 2, 2023

Business

TSX falls, set for weekly losses as banking sector worries rise

(Reuters) – Canada’s main stock index tumbled on Friday and was set for weekly losses, weighed down by energy and financial stocks as turmoil in the European banking sector soured market sentiment.

At 9:34 a.m. ET (13:34 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 100.75 points, or 0.52%, at 19,359.17.

(Reporting by Johann M Cherian in Bengaluru; Editing by Vinay Dwivedi)

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