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Canadian Stocks Mostly Lower; Healthcare Shares Posting Small Rise While Mining Stocks Again Lag
By: MT Newswires
Canadian stocks are lower today, with the S&P/TSX Composite Index falling about 40 points, or about 0.3%, to 12,712 after briefly slipping below the 12,700 mark within the past hour.
Stocks in both the Metals & Mining and Industrial sectors are the largest decliners, each falling around 1.5% as a group.
Healthcare stocks are the day's lone advancers, including a 1% gain and new year high for Valeant Pharmaceuticals (VRX.TO, VRX) and a 0.4% rise for Catamaran Corp (CCT.TO, CTRX).
In company news, Dominion Diamond Corp. (DDC.TO, DDC) is down about 0.2% and near year lows this afternoon after saying federal and provincial authorities in the Northwest Territories confirmed the company's proposed acquisition of BHP Billiton's ( BHP ) stake in the Ekati diamond mine will be approved.
The deal also includes BHP's diamond-sorting and sales facilities in Canada. DDC later this week is slated to report its Q4 financial results.