Markets

TSX Sheds 17 Points at Midday As Materials Weigh

The TSX shed 17 points at midday, dragged down mostly by material and utility stocks.

Gold and copper prices were under pressure as gold rices rose on the back of U.S. Federal Reserve Chair Janet Yellen's testimony before the Senate. Yellen said a March rate hike remains on the table, as waiting too long to hike would be unwise.

Mining and metals were down 0.8% and 1.2%, respectively, while utilities slipped by 0.9%. Healthcare was the strongest group, advancing 0.9%.

Total volume traded so far was 203.7 million shares. Northern Dynasty Minerals (NDM.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.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Stocks

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More