The TSX is flat this morning with most sectors positive. Info tech and healthcare are the biggest gainers, up 0.63% and 0.57%. Financials are also up 0.57%.
Miners and energy are the sole decliners -- down 0.95% and 0.26% respectively, as commodities prices retreat. Crude oil is now trading at US$48.81.
Action Economics ( AE ) said broad risk-off conditions has been behind much of the weakness in oil prices , as Washington politics continues to trouble the markets. Meanwhile, U.S. politics drove the fear trade in metals, although AE added that the naming of a special counsel to investigate Trump campaign ties to Russia could calm markets to a degree.
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.