TSX Down 30 Points on Mostly Negative Sectors -- Utilities, Miners Post Biggest Losses
The TSX is down 30 points this morning on mostly negative sectors. Utilities and miners are the biggest losers so far, down 0.63% and 0.52% respectively.
Financials have shed 0.23% so far, even though six Canadian lenders reached record highs this week as analysts forecast strong profits in the next round of earnings coming up. However, Barclays said although the Canadian banks demonstrated steady earnings throughout 2016, it believes this resiliency will begin to be challenged. While Barclays believes that 'hot' double-digit earnings growth would be a stretch in the current challenging operating environment, it does not anticipate earnings to be 'cold' and turn negative either.
Healthcare is the sole gainer, up 0.76%.
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