Markets

TSX Still Negative, Down 46 Pts As Gold Issues Weigh

Toronto's main stock index is still in the negative territory on late Tuesday afternoon, down by 46 points an hour before the market closes, pressured by soft U.S. economic data and retreating gold prices, and as financial sector failed to respond to solid earnings from Bank of Nova Scotia (BNS.TO).

The gold sector dropped more than 1% while the financial sector stepped back 0.27% even as Scotiabank (BNS.TO) reported strong second quarter earnings. The base metals sector gained 0.42% despite 1 cent drop in copper prices.

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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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