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Toronto stocks fall for second week on energy, financial companies

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Canada's main stock index fell on Friday, dragged down by losses in financial and energy stocks as fears of a global banking meltdown continued to plague investors.

was down 152.83, or 0.77%, at 19,387.72, its second straight week of losses.

"People are worried about recession," said Sean Oye, portfolio manager at Nicola Wealth Management. "In terms of recession, commodities and materials tend to sell off, and Canada's exposed both to oil, commodities as well as heavily exposed to financials."

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