TSX Up 13 Points Mid-Afternoon; Financials Gain Following Fed Meeting Result, Energy Remains Weak

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Canada's main stock index, which hit a new six-year high of 15098.54 earlier, was up 13 points mid-afternoon to 15068.96 after the U.S. Federal Reserve released the outcome of its policy meeting.

Financial stocks gained 0.03% after the Fed decided to scale back its bond-buying program by another $10 billion to $35 billion, as expected, with U.S. labor markets showing signs of improvement and household spending rising moderately. The bank said it plans to begin raising interest rates in 2015 while expressing its confidence in the recovery of the U.S. economy.

Info tech remains the biggest gainer, up 0.58%. It was followed by miners, which jumped 0.39%, after getting a boost from rising silver and copper prices .

Meanwhile, healthcare was still the weakest sector, down 0.32%. Energy shares slipped 0.10%, hurt by falling crude oil and natural gas prices .

More than 187 million shares have changed hands so far. B2Gold (BTO.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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