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Toronto stocks set for second straight weekly fall as financials, energy weigh

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Canada's main stock index fell on Friday, dragged down by losses in financials as fears of a global banking meltdown continued to worry investors, while lower oil prices weighed on energy stocks.

was down 197.19 points, or 1.01%, at 19,341.82. The index is down over 2% so far this week, and is on track for a second straight week of losses.

, the largest sector by weight on the Canadian index, led the decline in the benchmark, dropping 1.7%, as the banking sector turbulence continued to deter investors.

 

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