Markets

TSX Down Around 80 Pts, May Be Profit Taking In Gold and Financial Issues After Index Hit 19 Mo Highs Tuesday

A generic image of a stock chart.
Credit: Shutterstock photo

Canada's main stock market, the Toronto Stock Exchange, is down around 80 points early Wednesday although the three most active stocks - TORC Oil & Gas (TOG.TO), Blackberry (BB.TO) and B2Gold (BTO.TO) - are higher. TOG and BTO were the main winners yesterday too. Blackberry has recovered from early losses despite Lenova saying it hasn't taken any action to assess BlackBerry as an acquisition, according to a Bloomberg report.

The losses apppear to reflect some profit taking - particularly among gold and financial stocks - after the TSX hit 19 month highs Tuesday.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

MTNewswires

Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

Learn More