Investor Alert

London Markets Open in:

June 20, 2012, 12:21 p.m. EDT

Candax, energy sector weigh on Canada stocks

SAN FRANCISCO (MarketWatch) -- The Canadian market slumped Wednesday, dragged down by weakening mining, energy, and tech stocks. Toronto's benchmark index was down 43 points, or 0.4%, to 11,745, snapping a two-day winning streak. Information technology stocks (TORONTO:XX:TORGC194) led decliners, falling 1.7%, followed by the metals and mining sector , down 1.5%. Oil and gas producer Candax Energy took a major hit, dropping 10%, and Capstone Mining (TSE:CA:CS) slipped 4.7%. Blackberry maker Research in Motion also suffered early downside, falling 4.2%. Among poor performing gold stocks were Yamana Gold (TSE:CA:YRI) , down 2.9%, and Kinross Gold (TSE:CA:K) , dropping 3.2%. The greenback made headway on Canada's currency (XTUP:USDCAD) , with one U.S. dollar purchasing C$1.0194 vs. C$1.0179 Tuesday.

Link to MarketWatch's Slice.