Commodity Stocks Drag TSX Lower As Recession Fears Mount

Commodity Stocks Drag TSX Lower As Recession Fears Mount

(Reuters) – Canada’s main stock index opened lower on Friday, dragged down by commodity-linked shares, as hawkish commentary from major central banks this week heightened fears of a global recession.

At 9:30 a.m. ET (14:30 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 183.02 points, or 0.93%, at 19,417.61.

(Reporting by Shashwat Chauhan in Bengaluru; Editing by Sherry Jacob-Phillips)