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TSX Flat at Midday As Healthcare Limits Gains

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The TSX was barely changed at midday, up by a mere 2 points, with weak healthcare stocks limiting the advance.

Commodity prices were mixed on Thursday, and Action Economics said the dollar edged higher following the mix of data, where housing starts were stronger, jobless claims were lower, and the Philly Fed index was off the charts higher.

Meanwhile, Bombardier (BBD-B.TO) shed 3% after reporting wider-than-expected losses for Q4 while reaffirming its guidance for the year. Encana (ECA.TO), on the other hand, fell 1% despite above-forecast Q4 earnings.

Healthcare tumbled by 2.7%, while energy slipped by 0.4%. Mining added 0.3% while metals retreated by 1.1%.

Total volume traded so far was 193.6 million shares. Bombardier was the most actively traded stock.

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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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