TSX moves lower as mixed commodities combine with bank sector weakness

TORONTO - The Toronto stock market lost ground as prices for commodities remained mixed, and the banking sector weakened.

The S

The TSX financial sector was off 0.7 per cent, pulled down by reports that the U.S. government has accused Bank of America of civil fraud.

Wall Street extended its declines into a third session this week, with the Dow down 48.07 points to 15,470.67, the Nasdaq fell 11.76 points to 3,654.01 and the S

In commodities, December bullion gained $2.80 to US$1,285.30 an ounce, ending six sessions of losses. The September crude contract on the New York Mercantile Exchange moved down 93 cents to US$104.37 a barrel.

The Canadian dollar fell 0.44 of a cent to 95.94 cents US.