TSX Slips 12 Points With Miners, Energy in The Red as The Greenback Climbs
The TSX is down 12 points this morning on mixed sectors. Healthcare is the biggest decliner, shedding 1.06%, followed by Miners (-0.42%), and Energy (-0.32%) as commodities' prices slip. Crude oil is now down 0.99% to US$47.12.
Oil is under pressure after the EIA has said U.S. shale production would reach a record in September, estimating 6.15 million barrels per day of output. This would mark the ninth straight monthly increase, and continues to offset OPEC's attempt to reign in its output.
North Korea postponed a missile strike on Guam the day after China imposed deeper sanctions following pressure from the U.S. to step up (or face trade sanctions of their own).
The biggest gainer is info tech, up 0.28%.
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