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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.

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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