Markets

TSX Swings Back to Loss, Sheds 2 Points Mid-Afternoon; Miners, Industrials Extend Decline

The TSX swung between gains and losses on Wednesday and was back in the red by mid-afternoon, shedding 2 points. Mining and industrial issues led the benchmark index lower after both narrowing their losses.

Weighing on sentiments was the most recent development in the Ukraine-Russia situation. After sending aid to eastern Ukraine, reports said that Russia was denied entry to the Ukrainian border by officials. Ukrainian Interior Minister Arsen Avakov was even cited as saying: "Provocation by a cynical aggressor is not permissible on our territory."

Miners were down 0.58%, with copper prices falling 1.35%, while industrials tumbled 0.50%. Energy slipped 0.17% after natural gas prices dropped 3.22%, and financials turned to a 0.09% loss.

On the other hand, healthcare continued to advance, raking in 1.35% in gains, as Valeant Pharmaceuticals (VRX.TO) rise 1.49%. Info tech was up 0.37%.

Volume traded so far exceeded 179 million shares. Merus Labs (MSL.TO) was the most actively traded stock.

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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