TSX Up 67 Points Mid-Afternoon After Hitting Another Record High As Energy, Industrials Provide Support

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The TSX pushed further into record territory, hitting a new high of 15,271.93, as energy and industrial issues continued to drive gains. The benchmark index settled at 15,270.99 after jumping 67 points in recent trading.

This is despite renewed concerns over the geopolitical crisis in Ukraine after a Malaysian airliner with 298 people on board got struck by a missile and crashed over eastern Ukraine that is controlled by pro-Russia separatists. Investors also digested the latest inflation data, showing the Canadian annual inflation in June edged up to a 28-month high of 2.4%, exceeding the Bank of Canada's 2% target.

Industrial shares led gainers after advancing 1.50%, with Canadian Pacific Railway (CP.TO) up 3%, a day after the railway operator reported better-than-expected quarterly earnings. Energy stocks were up 1.05% despite a drop in crude oil and natural gas prices . Financials rose 0.42%.

Meanwhile, miners continued to decline, losing 1.33% in mid-afternoon trading, along with gold prices . Healthcare, which was in the positive territory at midday, eased 0.04%.

More than 154 million shares have changed hands so far. 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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