Markets

TSX Down 61 Points Mid-Afternoon As Energy, Miners Continue to Weigh

The TSX was still in the negative territory by mid-afternoon, shedding 61 points, as the decline in copper and oil prices continued to hurt energy and mining stocks.

Copper and oil prices were lower on Monday, following disappointing economic data that raised concerns about the health of the economy of China, a major consumer of energy and industrial metals. The slower-than-expected growth in investment and factory output in August had investors worried that Q3 might not be looking good for China's economy.

As well, the much-awaited policy meeting of the U.S. Federal Reserve is set to happen on September 16 and 17, and the market doesn't have high hopes that the bank would push through with the rate hike this month. The dollar was soft as a result, benefiting gold prices .

By mid-afternoon, the energy and mining groups were down 0.91% and 3.17%, respectively. Industrials retreated 1.08%. On the opposite side, financials led with a modest gain of 0.16%.

Total volume traded so far stood at 164.7 million shares. Bombardier (BBD-B.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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