The Canadian main stock index was up by 74 points at midday,
although it has already given back some of its earlier gains.
The commodity-sensitive TSX benefited from the ongoing tension
between Ukraine and Russia, which drove gold, copper, and
to boost mining and energy stocks.
"We've got lots of momentum here...I'm reasonably positive on
the oil sector," Northland Wealth Management Portfolio Manager
David Cockfield reportedly said while adding he believes the
Canadian stock market would outperform its U.S. counterpart but
would have to go through a correction at some point.
Mining was the strongest sector, up 3%, with gold and
rising 0.9% and 2%, respectively. Energy was also a huge gainer, up
0.9%, boosted by crude oil prices that rose 0.7% to above $100
levels. Industrials were also up 0.9%.
Only the utilities sector was losing, down 0.2%.
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