TSX at 2pm: TSX Slightly Lower as Mining Stocks Fall, Investors Wait for Fed

By Midnight Trader,  August 27, 2012, 02:00:47 PM EDT

The Toronto stock market drifted slightly lower on Monday afternoon as metals and mining stocks declined and investors waited for indications from the U.S. Federal Reserve on possible stimulus measures.

The S&P/TSX Composite Index dropped nine points to 12,072 after falling as low as 12,056 earlier in the trading session.

Heavily traded Inter-Citic Minerals (ICI.TO) added nearly 36% after the company announced it was being acquired by a subsidiary of Western Mining Group for $250 million.




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.


This article appears in: Investing, Commodities

Referenced Stocks:



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