TSX Narrows Loss to 27 Points Mid-Afternoon As Energy Stocks Turn Green, Miners Extend Gains

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The TSX narrowed its early losses to 27 points in mid-afternoon trading, helped by energy shares that turned positive amid rising crude oil prices . Mining shares also continued to gain.

The benchmark index has been in the negative territory since morning despite better-than-expected Canadian jobs data, as the escalating tension between Ukraine and Russia continues to weigh on investor sentiment. Media reports said that Russian military vehicles crossed the Ukrainian border at night, but President Petro Poroshenko said his men destroyed most of the troops.

Among sectors, info tech had the most loss, 1.32%. Financials was another notable decliner after shedding 0.68%.


Meanwhile, healthcare led gainers with a 0.91% jump. Energy, which was in the red at midday, swung to a 0.49% gain, with crude oil prices up 1.40%. Miners rose 0.30%, lifted by copper prices .

Volume traded so far reached more than 197 million shares. Bombardier (BBD-B.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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