TSX Flat Mid-Afternoon, Up 3 Points, As Energy Widens Loss, Miners Give Back Some of Early Gains


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The TSX was up nearly 3 points in mid-afternoon trading after giving back some of its earlier gains to reach 15033.27. The resource-heavy index was weighed down by energy shares that fell deeper into the red, offsetting gains in miners.

Miners were up 0.40%, still leading the way for gainers, with gold prices picking up 0.21%. Healthcare followed after jumping 0.36%. Financials and info tech were both up by 0.34%.

Meanwhile, energy shares were down 0.39% by mid-afternoon, with crude oil falling 0.23% to US$105.60 a barrel. Industrials also failed to recover and slipped 0.37%.

Earlier, Statistics Canada released a report that showed factory prices were 0.5% lower in May than in April, after a 0.2% drop in April. The unexpected fall was due largely to cheaper energy and a stronger currency.

More than 161 million shares have changed hands so far. Eldorado Gold (ELD.TO) was the most actively traded.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities

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