Markets

TSX at 2pm: TSX Weaker as Enthusiasm Over U.S. Budget Deal Fades

A generic image of two people sitting across from each other
Credit: Shutterstock photo

The Toronto stock market was lower in afternoon trading as commodity prices declined amid concerns U.S. lawmakers will struggle to reach an agreement on raising the country's debt limit.

The S&P/TSX Composite Index was down 23 points to 12,516, close to session lows of 12,502.

The materials sector led decliners as gold stocks fell on weaker bullion prices. Consumer and financial issues were also lower.

Heavily traded Bombardier (BBD-B.TO) was flat while Golden Star Resources (GSC.TO) shed 5%.

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