TSX Slips at 10 am as Commodities Weigh -- Energy, Miners, Post Biggest Losses
The TSX has slipped 71 points this morning with most sectors in the red. Energy and miners are posting the heaviest losses so far, shedding 2.38% and 2.22% respectively.
Crude oil is down 3.87% to US$45.26, on growing doubts about OPEC's ability to put differences aside to achieve a production cut. Reuters reports that Iran and Iraq are resisting Saudi Arabian pressure to limit oil production.
Healthcare is the biggest gainer, up 0.88%, followed by financials, which has added 0.54%.
Meanwhile, Canada's current account deficit narrowed in the third quarter to $18.3 billion as exports saw the highest growth in over two years, data from Statistics Canada showed on Tuesday.
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