Markets

TSX Down 32 Points Mid-Afternoon; Materials Continue to Decline

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The TSX fell 32 points in the mid-afternoon session, as weak metal prices continued to put material stocks under pressure.

Gold, silver, and copper were still in the red, and Action Economics said the dollar was broadly higher, given the continuation of risk-on conditions. Treading the opposite direction, oil was up by 2%, driven by the ongoing rally in the U.S. stock market.

Mining and metals shed 1.9% and 2.0%, respectively. Energy slipped 0.4%. On the positive side, telecom advanced 1.7%.

Total volume traded was 252.6 million shares. B2Gold (BTO.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.

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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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