TSX Further Cuts Gains, Up 12 Points Mid-Afternoon, As Industrials Turn Negative, Miners Widen Earlier Loss

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The TSX edged up by 12 points in mid-afternoon trading, further cutting its intraday gain, as industrial stocks moved into the red and miners widened their earlier loss. Gains in energy and financial issues helped keep the market afloat.

Industrial stocks were down 0.12% after Bombardier (BBD-B.TO) pared its earlier gain to 1.59%. Mining remained the weakest sector, down 0.70%, with gold prices tumbling 2.28% due to the strength in equity markets and profit-taking following weeks of rally. Utilities lost 0.23%.

Meanwhile, energy shares rose 0.60% even after crude oil prices fell 0.31% to just above US$100 levels. Financials were up 0.45% amid anticipation of U.S. Fed Chairwoman Janet Yellen's testimony that could provide clues on the bank's plans relating to its monetary policy.

More than 167 million shares have changed hands so far. Athabasca Oil (ATH.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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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