The TSX marched ahead 42 points in mid-afternoon trading, having
touched a new record high of 15,685.13 earlier, as mining stocks
continued to climb and energy and healthcare shares narrowed their
losses. Positively motivating investors were a rebound in Chinese
economic data and reports that said Ukraine and Russia could
finally call it a truce.
Media reports said the two nations' heads had a telephone call,
where they talked about what was needed to achieve a cease-fire in
southeastern Ukraine. Russian President Vladimir Putin even said
that a formal agreement could be reached this week. On the other
hand, China released the most recent services industry data showing
the non-manufacturing purchasing managers' index rose to 54.4 in
August from 54.2 in July.
Mining stocks surged 1.70%, as they continue to get strength
from gold and silver prices. Info tech, the biggest gainer at
midday, came in second with a 1.32% jump. Financials advanced
Energy and healthcare remained in the negative territory but
narrowed their losses to 0.05% and 0.09%, respectively.
Over 201 million shares have changed hands so far. Spartan
Energy (SPE.TO) was the most heavily traded stock.