TSX Turns Negative As Miners Further Slide; Down 14 Points Mid-Afternoon
The TSX gave back its earlier gains and was down 14 points in the mid-afternoon session, near a day low of 15,372.82, after more pressure from weak mining stocks. Modest advances in financial and info tech shares failed to support the benchmark index.
The mining group was deeper into the red, losing as much as 2.62%, after gold and copper prices reacted negatively to disappointing Chinese economic data. Reports said Chinese exports dropped 15% year-over-year in March 2015, while imports contracted at the fastest rate since 2009. Energy stocks were also down 0.16%, as natural gas fell 0.92%.
Gains in the financial and info tech sectors were down to 0.12% and 0.11%, respectively.
Total volume traded so far stood at 175.5 million shares. MBAC Fertilizer (MBC.TO) was still the most heavily traded stock.
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