Gold Miners Keeping a Lid on Canadian Market Although TSX Composite Now Rebounding From Session Lows
Canadian stocks are down about 5 points Tuesday afternoon but have recovered around 30 points from session lows hit mid-morning. Shares of gold mining stocks are the biggest contributor to the decline, although the sector has halved the 1.3% in losses it had earlier as a group after the precious yellow metal fell through a key support level at $1,600 per share in New York commodities trade. The Health Care sector is also lower while both the Energy and Financials sectors are slightly higher.
In company news, Aurizon Mines Ltd. (ARZ.TO, AZK) is flat after saying it resumed operations earlier today at its Casa Beradi project in Quebec following the death of a contractor employee yesterday in an underground vehicle accident.
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