Markets

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.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More