TSX Flat Mid-Afternoon; Healthcare Narrows Loss, Miners Tumble on Falling Copper Prices
The TSX was a little changed in mid-afternoon trading, up 0.5 points at 14797.24, after healthcare narrowed its earlier loss while gains in industrials kept the market afloat.
Major sectors were generally lower, with only three sectors in the positive territory. Telecom was the weakest sector, down 0.4%. Miners followed, down 0.3%, with copper prices falling 0.2%. Energy shares fell 0.2%, hurt by the weakness in crude oil prices . The heavyweight financial sector also shed 0.2%, following the European Central Bank's rate cut.
Healtchare, which was the biggest loser at midday, was down by only 0.03% in the afternoon.
In the positive territory, industrial shares were in the lead, up 0.6%, with Bombardier (BBD-B.TO) gaining nearly 1% on a Bloomberg report the plane maker may resume flight tests in the next few weeks for its troubled CSeries jet. Utilities followed, up 0.2%.
More than 200 million shares have changed hands so far. There were 876 advancers and 603 decliners.
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