TSX Down 12 Points at Midday As Telecom, Materials Lead Decline
The TSX fell 12 points at midday, dragged down mostly by weak telecom and material stocks.
Weighing on sentiments were BCE (BCE.TO), which tumbled almost 2% after reporting below-forecast 2017 guidance, and Cameco (CCO.TO), which shed 4% a day after Tokyo Electric Power Company (TEPCO) has issued a termination notice for a uranium supply contract with the company.
Telecoms were down 0.8%. Mining and metals slipped 0.5% and 1.0%, respectively. Healthcare was the strongest group, advancing 1.2%.
Total volume traded so far was 176.1 million shares. B2Gold (BTO.TO) was the most actively traded stock.
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