TSX Down 43 Points at Midday on Global Growth Fears; Telecom, Healthcare Lead Broad Decline
The Canadian benchmark index fell 43 points at midday to 14861.37, weighed down by World Bank's downward revision of its global growth outlook.
Almost all major sectors of the TSX were in the red at midday after the World Bank's move, which was based on a combination of events such as the Ukraine crisis and the harsh weather conditions, spooked investors.
Telecom and healthcare were the weakest sectors, down 1.23% and 1.12%, respectively. Miners fell 0.46% also owing to lower copper prices . The heavyweight energy and financial sectors were off 0.20% and 0.43%, respectively.
Only utilities were in the green, gaining 0.12%.
More than 128 million shares have changed hands so far. Osisko Mining (OSK.TO) was the most actively traded stock. Novagold (NG.TO) was the biggest percentage gainer, while Reitmans (RET-A.TO) was the biggest percentage loser.
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