Toronto stocks open lower after Fitch downgrades US credit rating

TORONTO (Reuters): Toronto stocks fell at open on Wednesday, led by losses in technology stocks, while investors were spooked after rating agency Fitch downgraded United States’ top credit rating, prompting them to park their money in safe-haven gold, pushing the bullion prices higher.

At 9:31 a.m. ET (1331 GMT), the Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE) was down 163.33 points, or 0.8%, at 20,369.6.