TSX Dives 175 Points at Midday As Energy, Materials Tumble
The TSX shed 175 points at midday, dragged down mostly by energy and material stocks.
Oil prices were declining on Monday amid concerns that the robust drilling activity in the U.S. might hamper the deal among OPEC producers. Brent was last down 0.4% at US$55.30/barrel.
Energy slid 2.7%. Mining and metals retreated 1.2% and 2.3%, respectively. Info tech was also notably lower, tumbling 1.7%.
Total volume traded so far was 181.8 million shares. B2Gold (BTO.TO) was the most actively traded stock.
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