Markets

TSX Down 55 Points Mid-Afternoon As Energy, Materials Extend Decline

The TSX shed 55 points in the mid-afternoon session, still dragged down by energy and material stocks.

Action Economics said dollar strength and prospects for a March Fed rate hike have put a top on commodity prices, while a warming inflation picture has largely offset.

Mining and metals tumbled by 2.7% and 2.4%, respectively, while energy retreated by 2%. Industrials was the strongest group, up 0.7%.

Total volume traded was 233.7 million shares. Katanga Mining (KAT.TO) was the most actively traded stock.

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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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