TSX Up 114 Points Mid-Afternoon As Resources, Utilities Continue to Rally

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The TSX surged 114 points in the mid-afternoon session, as resource and utility stocks continued to rally.

The dollar fell from a seven-month high, dragged down by disappointing U.S. consumer price data, which tamed speculations that the U.S. Federal Reserve would raise key rates this year. At last check, gold was up 0.5% at US$1,269.40/ounce, while Brent rose 2.2% to US$52.82/barrel.

Mining and metals advanced 1.5% and 0.6%, respectively, while energy climbed 2.2%. Industrials and telecom were in the red, off 0.2% and 0.1%, respectively.

Total volume traded was 245.8 million shares. Baytex Energy (BTE.TO) was the most actively traded stock.

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 , Stocks

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