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TSX Flat at 10 am on Mixed Sectors With Commodities in The Red


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The TSX is down 6 points this morning on mixed sectors. Energy (-0.19%) and miners (-0.23%) are in the red, on the back of lower commodities prices.

Crude oil has slipped 2.54% to US$51.38, while gold is now at US$1,309.80 (-0.66%).

However, the resumption of trade talks between the US and China is providing some hope to investors. The two sides are trying to forge a deal before March 1, when U.S. tariffs on US$200 billion worth of Chinese imports are scheduled to increase to 25% from 10%.

The biggest decliner is still the healthcare sector, down 0.58%, while info tech is the biggest gainer, up 0.73%.

In stocks, Solium Capital (SUM.TO) has surged 43% to a record high after the company announced it had entered into an arrangement agreement with Morgan Stanley.

SNC Lavalin (SNC.TO) is down 3.85% and skirting a 52-week low after the company cut its 2018 profit guidance because of a dispute related to its mining and metallurgy project in Latin America.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.





This article appears in: Investing , Stocks



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