TSX Down 59 Points at Midday on Ukraine Fears; Info Tech, Healthcare Lead Decline
The Canadian main stock index went down by 59 points at midday to 14637.86, as the conflict in Ukraine intensifies and the price of bullion drops 0.1%.
Investors are even more worried after analysts said the escalating tension between Ukraine supporters and Russian supporters seem like it could descend into a civil war. Northland Wealth Management Portfolio Manager David Cockfield reportedly said: "It's a nasty situation...This could continue for a while."
The info tech and healthcare sectors were the biggest losers at midday, down 1.5% and 1.1%, respectively. Miners slipped 0.6%, with gold prices falling. Energy was off by a measly 0.04%. Financials lost 0.5%.
Only telecom was gaining, up 0.02%.
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