The TSX swung between gains and losses on Wednesday and was back
in the red by mid-afternoon, shedding 2 points. Mining and
industrial issues led the benchmark index lower after both
narrowing their losses.
Weighing on sentiments was the most recent development in the
Ukraine-Russia situation. After sending aid to eastern Ukraine,
reports said that Russia was denied entry to the Ukrainian border
by officials. Ukrainian Interior Minister Arsen Avakov was even
cited as saying: "Provocation by a cynical aggressor is not
permissible on our territory."
Miners were down 0.58%, with
falling 1.35%, while industrials tumbled 0.50%. Energy slipped
dropped 3.22%, and financials turned to a 0.09% loss.
On the other hand, healthcare continued to advance, raking in
1.35% in gains, as Valeant Pharmaceuticals (VRX.TO) rise 1.49%.
Info tech was up 0.37%.
Volume traded so far exceeded 179 million shares. Merus Labs
(MSL.TO) was the most actively traded stock.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.