Roger Biduk; TSX Lower at Midday on Lower Autos, Oil

Roger Biduk writes:

Stocks on Bay Street continued their malaise Thursday afternoon -- as investors struggled with more bad tidings from the auto sector and oil prices continued to recede.
The S&P/TSX composite index was down 148.61 points to 8,539.75.
The CDN$ was trading down 0.01 cents to 79.21 cents US.
Meanwhile, the TSX Venture Exchange was 10.10 points lower at 839.43 and the NASDAQ Canada was up 6.37 points to 466.05.

On the data front, new motor vehicle sales fell 7% in November to 129,044, the largest monthly decline since August 2005. Statistics Canada attributes most of the decrease to lower sales of passenger cars.

Four of the TSX sub-groups were trading higher -- techs were ahead 0.66%, health care increased 0.27%, and industrials improved 0.21%.
On the downside, mining stocks were off 3.33%, energy issues were down 2.92% and financials stocks shed 2.81%.
COMEX gold for February delivery rose $2.20 to $811 an ounce.
U.S. light crude oil for February delivery fell $1.97 to $34.31 a barrel on the New York Mercantile Exchange.

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