TSX Up 17 Points at Midday As Commodities Lift Miners, Energy; Info Tech Weakest Sector

The Canadian main stock index was up 17 points at midday, reaching 14696.57, driven by the strength in commodity prices.

Gold rose 0.8% to $1,304.80 an ounce, lifting miners to become the strongest sector with a 0.5% gain. Crude oil, up 0.6% at above $100 levels, also boosted energy shares, which were 0.4% higher at midday. ScotiaMcLeod Portfolio Manager Michael Newton reportedly said: "Because the Canadian market is outperforming the S&P 500 this year, there's some renewed interest, particularly in the energy sector."

Meanwhile, info tech was the weakest sector, down 0.7%, with BlackBerry (BB.TO) slipping 1.5%. Healthcare followed, down 0.5%. The heavyweight financial sector lost 0.2%.

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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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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