It was a day of profit taking during Wednesday trading on the Canadian Markets. For the tale of the tape; the TSX Exchange lost 1.40%, while the TSX Gold Index dropped 1.80% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 0.38% with the decliners beating out the advancers by a 417 to 404 margin on 182 million shares traded.

A 50 basis point drop in interest rates by the Bank of Canada to 1 per cent did not buoy confidence in the equity markets during Tuesday trading as investors bailed out in a big way. For the tale of the tape, the TSX Exchange plunged 3.81%, while the TSX Gold Index popped another 3.35% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, fell 1.86% with the declining issuers swamping the advancers by a 423 to 263 margin on 107 million shares traded.