Banks help drag TSX 1.5 percent lower (Reuters)

TORONTO (Reuters) ? Toronto's main stock market dropped sharply for a second day on Friday as banks were hit hard by growing fears of a new U.S. recession and by a Bank of Canada warning of risks for the global economy.

The Toronto Stock Exchange's S&P/TSX composite index unofficially ended down 179.24 points, or 1.5 percent, at 12,007.47.

(Reporting by Claire Sibonney; editing by Peter Galloway)

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/nm/20110819/wl_canada_nm/canada_us_markets_canada_stocks

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