The Canadian benchmark index was up 33 points at midday,
reaching 14995.55, after energy shares benefited from the
continuing crisis in Iraq that boosted
due to worries over oil supply. Reports said militants seized
control of several small oilfields and attacked air bases.
Energy rose 0.58% after crude oil jumped 0.13% to above US$106
levels. Northland Wealth Management Portfolio Manager David
Cockfield reportedly said: "I'm still bullish on energy shares. I
see very good earnings this quarter, so the multiples are not out
Industrials were also in the green, up 0.39%, with Bombardier
(BBD-B.TO) being the most actively traded stock. The heavyweight
financials gained 0.11%.
Meanwhile, mining shares tumbled 1.16%. This is despite
rising 0.18% after the U.S. posted a bigger-than-expected drop in
economic growth in the first quarter. Info tech shares were also
sharply lower, down 0.91%.
More than 117 million shares have changed hands so far. There
were 633 advancers and 694 decliners.
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