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TSX Tumbles 125 Points as Energy, Miners and Healthcare Post Heavy Losses


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The TSX has tumbled 125 points mid-morning, pulled down by hefty losses in energy (-3.36%), miners (-3.1%) and healthcare (-3.54%).

Commodities are in the red, with crude oil now trading at US$59.48, at near 11-month lows. Action Economics ( AE ) said losses in crude prices have been accelerating into the weekend, impacted by a broader risk-off theme in global markets. Other commodity prices, stock markets, and emerging market currencies were all coming under pressure on concerns about the US Federal Reserve tightening and US trade protectionism.

TransCanada's (TRP.TO) Keystone XL pipeline hit another setback today after a Montana judge halted construction on it.

The biggest gainers this morning are telecom (+0.48%) and industrials (+0.33%) -- Bombardier (BBD-B.TO) shares, which were battered yesterday after the company announced massive lay-offs and the sale of two of its units, are up 10.4% and the most actively traded on the TSX.

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
Referenced Symbols: AE



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