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TSX falters at open as financials, materials drag

© Reuters. A logo for TMX Group, which operates the Toronto Stock Exchange, is seen after the company announced it was shutting down all markets for the rest of the day after experiencing issues with trading on all its exchange platforms in Toronto, Ontario, Canada

(Reuters) – 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.

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