TSX Sheds 158 Points Mid-Afternoon As Resources, Financials Tumble; Healthcare Extends Rally
The TSX was down 158 points in the mid-afternoon session as energy and mining stocks continued to decline, but the rally in healthcare shares helped limit the decline.
Commodity prices were lower on Tuesday amid fears over global growth, following disappointing economic data out of China and Europe. At last check, gold was down 0.5% at US$1,289/ounce, while Brent fell 1.7% to US$45.04/barrel.
The mining and energy groups plummeted 5% and 2.7%, respectively, while financials slipped 1.6%. Healthcare was the only sector in the green, advancing 3.1%.
Total volume traded already exceeded 317 million shares. Aberdeen International (AAB.TO) was the most actively traded stock.
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