Markets

TSX Up 106 Points Mid-Afternoon Still on Energy, Healthcare Support; Miners Lower

The TSX further trimmed earlier gains to 106 points by mid-afternoon but continues to get support from firming energy and healthcare shares. Miners were deeper into the negative territory, albeit only moderately lower.

Canada's benchmark index has been getting a boost after oil prices recovered and the latest U.S. jobless claims report showed a smaller-than-expected increase in the number of Americans filing for unemployment benefits.

Energy was still the strongest group, up 1.69%, with Brent crude oil soaring nearly 4% above US$57-per-barrel levels. Healthcare followed, advancing 1.37%, as Catamaran (CCT.TO) adds about 1% after completing its acquisition of Healthcare Solutions. Financials rose 0.79%.

Miners remained the only decliner among major sectors, this time shedding 0.21%, as the price of bullion slips further below the US$1,200-an-ounce mark.

Total volume traded already exceeded 240 million shares. Bombardier (BBD-B.TO) was the most actively traded stock.

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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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