Markets

TSX Down 111 Points Mid-Afternoon As Energy, Miners Continue Slide

A generic image of a stock chart on a display
Credit: Shutterstock photo

The TSX tumbled 111 points in the mid-afternoon session, following the lead of mining and energy stocks as commodity prices continued to weaken.

The dollar rebounded on Monday after Japan's finance minister reportedly said the government is ready to step in if the yen hurts the Japanese economy. Gold was last down 2.1% at US$1,266.40/ounce, while Brent plummeted 3.5% to US$43.78/barrel.

The mining and energy groups were down 9.4% and 1.7%, respectively, while healthcare shed 0.02%. Telecom continues to buck the downward trend and gained a modest 0.1%.

Total volume traded already exceeded 260 million shares. Teck Resources (TCK-B.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

Stocks

Latest Markets Videos