Canadian Stocks Mostly Lower; Healthcare Shares Posting Small Rise While Mining Stocks Again Lag

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Canadian stocks are lower today, with the S&P/TSX Composite Index falling about 40 points, or about 0.3%, to 12,712 after briefly slipping below the 12,700 mark within the past hour.

Stocks in both the Metals & Mining and Industrial sectors are the largest decliners, each falling around 1.5% as a group.

Healthcare stocks are the day's lone advancers, including a 1% gain and new year high for Valeant Pharmaceuticals (VRX.TO, VRX) and a 0.4% rise for Catamaran Corp (CCT.TO, CTRX).

In company news, Dominion Diamond Corp. (DDC.TO, DDC) is down about 0.2% and near year lows this afternoon after saying federal and provincial authorities in the Northwest Territories confirmed the company's proposed acquisition of BHP Billiton's ( BHP ) stake in the Ekati diamond mine will be approved.

The deal also includes BHP's diamond-sorting and sales facilities in Canada. DDC later this week is slated to report its Q4 financial results.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: BHP

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