The Canadian market, which faltered after a slightly positive start Tuesday morning, stayed weak right through the session before finally closing with a marginal loss.
Healthcare and consumer discretionary shares declined sharply. Energy stocks were also mostly weak, while telecom, information technology, materials, financial and industrials shares ended mixed.
The benchmark S&P/TSX Composite Index ended lower by 25.13 points or 0.13% at 19,188.03. well off the session's low of 19,052.41.
The Capped Healthcare Index slid 3.75%. Bausch Health Companies (BHC.TO) plunged 10.7%. Bausch reported a first-quarter loss of US$610 million compared with a loss of US$152 million a year earlier.
Aphria Inc (APHA.TO) declined 5.6%. Aurinia Pharmaceuticals (AUP.TO) and Trillium Therapeutics (TRIL.TO) ended lower by 2.6% and 2.25%, respectively. Cronos Group (CRON.TO) gained 1.9% and Organigram Holdings (OGI.TO) gained 1.3%.