TORONTO -- The Toronto stock market pulled back today as energy and financial companies lost ground, while big names like Home Capital Group and Valeant Pharmaceuticals soared.
The S&P/TSX composite index fell 82.88 points, or about half a per cent, to 15,569.20.
Alternative mortgage lender Home Capital (TSX:HCG) gained more than 29 per cent after the company announced that an independent third party expressed interest in buying up to $1.5 billion of its mortgage assets.
Meanwhile, shares in Valeant (TSX:VRX) shot up 24 per cent after the Quebec-based drug company reported its first quarterly profit in six quarters and raised its earnings forecast for the year.
Trading was lulled on Wall Street for a second day this week.
The Dow Jones industrial average declined 36.50 points to 20,975.78 and the S&P 500 index lost 2.46 points to 2,396.92. The tech-heavy Nasdaq composite index was ahead 17.93 points to 6,120.59, climbing to another record.
The Canadian dollar dipped 0.13 a U.S. cent to an average value of 72.84 cents US.
In commodities, the June crude contract lost 55 cents at US$45.88 per barrel and the June natural gas contract was up six cents at US$3.23 per mmBTU.
The June gold contract was down $11 at US$1,216.10 an ounce and the July copper contract was unchanged at US$2.49 a pound.
