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Tuesday, May 24, 2022

TSX extends losses, dragged by Valeant, banks, resources

TSX extends losses, dragged by Valeant, banks, resourcesTORONTO: Canada’s main stock index extended its losses for the week on Friday, hurt by profit taking on Canadian drugmaker Valeant Pharmaceuticals International Inc and continued declines in the key financials, materials and energy groups.

The Toronto Stock Exchange’s S&P/TSX composite index fell 40.95 points, or 0.29 percent, to 14,224.42 shortly after the open.

Half of the index’s 10 main sectors lost ground.

Copyright Reuters, 2015

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