Markets

TSX Flat at Midday; Financials Buck Downward Trend

The TSX was flat at midday, slipping almost 8 points, with materials leading the decline and financials bucking the trend.

Nevertheless, the benchmark index is on track to rise 1.8% on the week, following reports of faster-than-expected growth in China's economy, helped by the government's increased spending. Brent was last up 1% at US$47.83/barrel.

Materials tumbled 2%, followed by info tech, which retreated by 0.6%. Financials gained a modest 0.4%.

Total volume traded so far reached 141.9 million shares. Dalradian Resources (DNA.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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