TSX Down 43 Points at Midday; Utilities, Healthcare Weakest Groups
The TSX fell 43 points at midday, dragged down mostly by utility and healthcare stocks.
In the news was Cameco (CCO.TO), which tumbled almost 12% in recent trade after Tokyo Electric Power Company (TEPCO) terminated its uranium supply contract with the company.
Meanwhile, the U.S. Fed is due to release a statement on its monetary policy meeting, and the bank is expected to hold rates steady.
Utilities and healthcare were the weakest groups, shedding 1% and 0.6%, respectively Financials slipped 0.1%. In resources, miners were down 0.5% while energy edged off by 0.2%.
Total volume traded so far was 172.6 million shares. Kinross Gold (K.TO) was the most actively traded stock.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.