Equities in Toronto came off their lows of the morning on Tuesday, as volatility in the bond markets and other worries had investors rattled worldwide.
The S&P/TSX composite index remained negative 53.32 points to move into noon hour at 15,099.32
The Canadian dollar zoomed 0.78 cents to 83.44 cents U.S.
Index heavyweight Valeant Pharmaceutical International Inc was the most influential decliner, falling 2.1% to $265.30.
Canadian Pacific Railway Ltd followed, sliding 2% to $221.83. Canadian National Railway was down just over 1% at $77.55.
On the upside, Air Canada, which reported stronger-than-expected quarterly results, was the most influential positive mover. Canada's largest carrier was up 5.4% at $12.35.
ON BAYSTREET
The TSX Venture Exchange faded 1.55 points to 689.20
Nine of the 14 Toronto subgroups were in the red by noon hour, as industrials and health-care each staggered 1%, while utilities fell 0.9%.
The five gainers were led by metals and mining, up 0.9%, energy, gaining 0.8%, and gold, better by 0.7%.
ON WALLSTREET
U.S. stocks traded mildly lower, paring losses on Tuesday as investors found some relief from a slight recovery in the bond market.
The Dow Jones Industrials remained negative 49.52 points to 18,055.65, with Intel the greatest laggard and Wal-Mart leading gainers.
The S&P 500 index was to within 4.70 points of breakeven to 2,100.63, with materials leading nine sectors lower and energy the only advancer.
The NASDAQ fell 14.74 points to 4,978.84
In stock news, Castleton Commodities International will buy Morgan Stanley's physical oil business in a long-awaited deal.
Verizon is buying AOL for $50 per share or $4.4 billion U.S. in cash, with AOL CEO Tim Armstrong continuing to lead the company after it becomes a wholly owned Verizon subsidiary.
The government said MetLife's suit fighting its so-called "SIFI" designation should be dismissed. The insurer earlier this year challenged the decision to designate it as systemically important and subject to tighter scrutiny. The Justice Department said MetLife is "significantly interconnected" with other financial companies.
Meanwhile, Apple is in talks with Alibaba to bring its mobile payments system to China, according to an interview with Chinese news agencyXinhua.
The Job Openings and Labour Turnover Survey showed new hires and job openings little changed.
The federal budget for April, which is seen showing an increased surplus, is expected at 2:00 p.m. ET.
European equities slid in trade on Tuesday, with the benchmark German DAX index around 2.2% lower.
Greece emptied an emergency IMF holding account to repay 750 million euros ($839 million U.S.) due to the international lender, a Greek central bank official said in a Reuters report. The move avoided default but underscored the dire state of the country's finances.
Prices for 10-year U.S. Treasuries recovered, lowering yields to 2.25% from Monday’s 2.28%. Treasury prices and yields move in opposite directions.
Oil prices gained $1.39 a barrel to $60.64 U.S.
Gold prices regained $8.80 to $1,191.80 U.S.
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