Markets

TSX Down 77 Points at Midday, Sectors Mostly Lower, Healthcare Up 1%

The Canadian benchmark index tumbled by 77 points at midday, extending earlier losses, as the escalating tension between Ukraine and Russia continues to weigh on investor sentiment. Falling natural gas prices also weighed on the commodity-sensitive index.

Media reports said that Russian military vehicles crossed the Ukrainian border at night, but President Petro Poroshenko said his men destroyed most of the troops. Heavy sell-off followed, even in Canadian markets, as the news appeared to have outweighed better-than-expected Canada jobs data.

In equities, info tech recorded the most loss, 1.45%. It was followed by financials, which dropped 0.83%. Energy shares fell 0.39%, with natural gas prices down 2.79%.

On the other hand, healthcare was up 1.27%. Miners gained 0.18%, boosted by copper prices . Utilities edged higher by 0.19%.

So far, volume traded exceeded 147 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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