TSX Slides with Energy But Healthcare Caps Losses; Down 100 Points at Midday
The TSX was down by 100 points in the midday session after oil prices weighed energy stocks down and as BlackBerry (BB.TO) tumbled after quarterly results.
Oil continued to slide after Saudi Arabian Deputy Crown Prince Mohammed bin Salman reportedly told Bloomberg that his country would keep output unchanged at January levels, as proposed, only if Iran and other major producers would do the same. Global benchmark Brent was last down 4% at US$38.73/barrel.
Meanwhile, BlackBerry fell almost 7% recently after reporting worse-than-expected revenues due to weak hardware sales.
Energy led in the negative territory, shedding 2.5%, and was followed by industrials, which retreated 0.8%. Healthcare was the strongest group, advancing 2.3%. Miners were up by only 0.2%.
Total volume traded so far stood at 190 million shares. GeneNews (GEN.TO) was the most actively traded stock.
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