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.
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