The TSX composite fell 72.36 points to 12,504.69 in mid-morning trading on Wednesday. The Dow was up 44.69 to 15,259.94, while NASDAQ gained 8.55 to 3,471.16.
First Majestic Silver Corp. (TSX: T.FR, Stock Forum) cut its 2013 capital expenditure by 16% due to a decline in silver prices and warned it could make further cuts later in the year. It fell 7% to $10.70 a share in mid-morning trading.
Data from the Labor Department showed wholesale prices in the U.S. dropped in April by the most in three years.
Contraction continued in the eurozone for the sixth consecutive quarter, as France slid into a recession shrinking 0.2%.
The price of gold fell US$28.86 to US$1,396.60 an ounce, while silver slipped US$0.72 to US$22.71 an ounce.