The Toronto Stock Exchange’s S&P/TSX index was down 35.51 points at 13,827.65.
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The loonie was up 0.61 of a USA cent at 75.99 cents US.
The Canadian dollar gained strength Thursday but North American stock markets were moderately lower.
Valeant’s been the primary drag on the market.
Valeant said today it would cut ties with Philidor Rx Services, after two health management organizations said they would no longer do business with the pharmacy.
Although the Montreal-headquartered company will get an investment valued at 1 billion Canadian dollars from the local government, investors were still concerned about its financial outlook after the company reported a net loss of 4.9 billion US dollars in the third quarter on Thursday.
C$19.78, while the overall energy group rose 0.6 percent.
Husky Energy Inc. shares fell to the lowest in a decade, after the Canadian oil producer said it would start paying its dividend in stock. In announcing third-quarter earnings results, Husky said that starting January, it will pay its quarterly dividend in shares to preserve cash and give the company financial flexibility.
Financials retreated 1.9 percent, with Royal Bank of Canada down 2.2 percent to C$74.77.
In economic news, the Commerce Department said US economic growth slowed to a 1.5 per cent rate in the July-September quarter as businesses cut production of goods and drew down inventories.
The metals and mining sector was the biggest decliner, falling 7.5 per cent, on broad declines in metals prices as traders reacted to comments from the latest Federal Reserve meeting, released Wednesday.
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The Dow Jones industrial average fell 92.26 points to 17,663.54, with Chevron leading advancers and Pfizer the greatest laggard.
