Markets

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.

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.


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

Other Topics

Commodities

Latest Markets Videos