TSX Down 20 Points Mid-Afternoon As Healthcare, Materials Tumble

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The TSX fell 20 points in the mid-afternoon session, erasing its earlier gains, as healthcare and material stocks tumbled.

Gold prices were still in the red, even as the dollar fell amid profit-taking and ahead of Friday's payrolls report in the U.S.

Meanwhile, Brent pushed higher by almost 9% after reports said OPEC and Russia agreed to cut production in a move to re-balance the market. Reuters said Wednesday that Algeria was proposing to decrease the output ceiling to 32.5 million barrels per day.

Healthcare and info tech shed 2.8% and 1.7%, respectively. In resources, energy advanced 2.5%. Mining and metals both slipped 1%.

Total volume traded was 327.2 million shares. Baytex Energy (BTE.TO) was the most actively traded stock.

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

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This article appears in: Investing , Stocks

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