RTTNews - Toronto stocks turned lower amid choppy trading on Tuesday, extending yesterday's losses. Weakness in the financial sector outweighed a gain for tech stocks.
The S&P/TSX Composite Index has lost 93.02 points or 0.85% to move at 10,774.60.
Financial stocks are down 0.9%. CIBC (CM.TO) has lost 1.6%, Bank of Montreal (BMO.TO) has declined 1.4% and Scotiabank (BNS.TO) is down 1%.
The Energy Index has lost 0.9%. Canadian Natural Resources (CNQ.TO) has dropped 1.3% and Encana (ECA.TO) is down 1.2%.
Meanwhile, technology stocks are up 1.4%. Research in Motion (RIM.TO) has gained 2.7% to drive the sector higher.
In corporate news, Biovail (BVF.TO) is down 2.1% after reporting it failed to reach its primary end point in a Phase III study for pimavanserin, its drug to treat Parkinson's disease. The Healthcare Index is down 0.3%.
Bombardier (BBD-B.TO) has dropped 3.5%. The company said it has received an order for 99 Flexity Berlin trams from Berliner Verkehrsbetriebe. The order is valued at around 300 million euros, or US$431 million.
Aecon Group (ARE.TO) said its Buildings Division was awarded the $52 million construction contract for redevelopment of the Queenston-Lewiston Border Crossing Plaza in Niagara Falls by the Niagara Falls Bridge Commission. The stock is flat.
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