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TSX at 2pm: TSX Weaker on Lower Than Usual Volumes; U.S. Markets Shuttered

The Toronto stock market was lower in afternoon trading as investors sought direction with major U.S. exchanges closed for the day as Hurricane Sandy approaches.

The S&P/TSX Composite Index was down 34 points to session lows of 12,266.

The bulk of the TSX's sub-sectors were in negative territory, including industrials, materials, financials and energy. Information technology and utilities were higher.

Heavily traded CGI Group (GIB-A.TO) and Bombardier (BBD-B.TO) both added about 0.3%. Progress Energy (PRQ.TO) rose 7% after Petronas said it was extending its takeover bid for Progress in hopes of winning approval from Ottawa.

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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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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