TSX Down 36 Points at Midday As Miners, Telecom Drag
The TSX fell 36 points at midday, weighed down by mining and telecom stocks, although healthcare and energy have been keeping losses in check.
Gold and silver prices were lower by midday, following data showing record U.S. job openings, which is a measure of labor demand. The Labor Department said job openings rose 228,000. Gold was last down 0.4% at US$1,348.40/ounce while silver dropped 1.5% to US$19.845/ounce.
Meanwhile, the Bank of Canada kept rates unchanged, as expected, citing weaker-than-expected global growth. The bank, however, sees Canada's economy recovering this year.
Miners and telecoms were down 1.3% and 1.1%, respectively. On the positive side, healthcare rose 1.1% while energy gained 0.4%.
Total volume traded so far reached 149.4 million shares. Eldorado Gold (ELD.TO) was the most actively traded stock.
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