The TSX extended its rally and moved ahead 121 points in
mid-afternoon trading, driven by gains in energy and healthcare
stocks. But miners remained in the negative territory.
Boosting sentiments were positive U.S. housing and inflation
data. Reports said that the U.S. inflation in July slightly rose,
matching expectations, as falling energy prices offset the increase
in food prices and rents. With this, the market is expecting the
Fed to keep interest rates low for a while, which the bank may
confirm when it releases the minutes of its policy meeting. The
U.S. housing market also rebounded during the month.
Energy shares were up 1.43%, following
, and healthcare climbed 1.46%, with Valeant Pharmaceuticals
(VRX.TO) up 2.21%. Financials rose 0.81%.
Miners failed to recover, easing 0.15%, with
So far, more than 172 million shares have changed hands. Western
Forest Products (WEF.TO) was the most heavily traded stock.
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