Markets

TSX Slides 96 Points Mid-Afternoon on Weak Commodities; Telecom Turns Negative, Healthcare Swings to Gain

The commodity-sensitive TSX tumbled 96 points mid-afternoon to 14493.20, hammered by weak gold, copper, and natural gas prices .

Mining and energy stocks posted the steepest decline among major sectors. They were both down by 1% after gold, copper, and natural gas slipped 0.1%, 0.02%, and 1.0%, respectively. Info tech remained negative, down 0.6%, with BlackBerry (BB.TO) shedding 2% on news director Bert Nordberg won't stand for re-election just a year after he was added to the board, leaving the smartphone maker with six board members. Financials were off 0.7%.

Telecom gave back its earlier gains, falling 0.3% mid-afternoon, while healthcare swung to a 0.3% gain.

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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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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