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TSX Sheds 69 Points at Midday As Resources, Healthcare Lead Decline

The TSX fell 69 points at midday, weighed down by the continuous drop in resource and healthcare stocks, as investors stayed away from riskier assets on fears over global growth and the possibility of Britain exiting the European Union.

Copper and oil prices were under pressure as investors turned to safe-haven assets such as German bunds and gold amid concerns over Britain's "Leave" campaign, which will be decided next week. Reuters said the Ipsos MORI survey revealed that British support for "Brexit" has hit 53% percent.

The materials group led the decline, shedding 2.4%, and was followed by healthcare, which tumbled 1.9%. Energy retreated 1.6%. Telecoms bucked the trend and gained a modest 0.1%.

Total volume traded so far stood at 224.4 million shares. B2Gold (BTO.TO) 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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