TSX Off 15 Points Mid-Afternoon Still on Falling Energy, Mining Stocks; Financials Turn Lower
The TSX was still in the red by mid-afternoon, shedding 15 points, as energy and mining stocks continued to decline and financial shares took a turn for the worse.
Oil prices were up Friday afternoon in a volatile trade amid a strengthening dollar and the looming expiration of the West Texas Intermediate oil spot contract. At last look, the WTI crude was up 0.39% at US$40.70/barrel, while Brent rose 2.20% to US$45.15/barrel.
Gold and copper also failed to recover in light of a firmer dollar. The yellow metal was last down 0.08% at US$1,077/ounce, while copper fell 1.39% to US$2.054/lb.
By mid-afternoon, the mining and energy sectors were down 1.87% and 0.95%, respectively. Financials swung to a 0.20% loss. Leading the advancers was healthcare, up 1.73%, and was followed by info tech, which gained 0.93%.
Total volume traded exceeded 192 million shares. Trevali Mining (TV.TO) was the most actively traded stock.
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