TSX at 2pm: TSX Posts Modest Losses as U.S. Budget Talks Stall

Comment

Shutterstock photo

The Toronto stock market was modestly lower in afternoon trading following reports that talks to avoid a fiscal crisis in the U.S. have hit an impasse.

Market sentiment was mostly negative after Statistics Canada said the economy stalled in September, with no growth in gross domestic product during the month.

The S&P TSX Composite Index was down 20 points to 12,182, retreating from morning highs of 12,246.

Commodity prices were mixed. Oil was higher but gold declined and the TSX's materials sector fell 1%. Tech stocks advanced as Research in Motion (RIM.TO) continued to rally, gaining 2%.

Heavily traded Telus (T.TO) was flat amid reports that hedge fund Mason has been reducing its stake in the telecom company.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Commodities


More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com