The TSX was down 25 points by mid-afternoon amid a choppy
trading after financial stocks cut their early gains and healthcare
continued to drop.
Financials stayed afloat, up 0.33%, even as major sectors were
generally lower, as National Bank (NA.TO) hit an all-time high,
thanks to better-than-expected quarterly earnings that came from
huge gains in the wealth management and financial markets segments.
Telecom also remained positive, gaining 0.25%.
On the other hand, healthcare was the weakest sector, down
0.80%, with Valeant (VRX.TO) tumbling 1.79% after takeover target
Allergan late Tuesday said it filed for a preliminary injunction
that would prevent the drug maker, along with Pershing Square and
its principal William A. Ackman, from voting their shares that were
allegedly acquired in violation of insider trading laws in any
Miners and energy were also significant decliners, dropping
0.64% and 0.21%, respectively, along with gold and
More than 142 million shares have changed hands so far. Western
Forest Products (WEF.TO) was the most actively traded stock.
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