TSX Up 21 Points Mid-Afternoon As Healthcare Advance; Miners, Energy Limit Gains
The TSX was higher by 21 points in mid-afternoon trading at 15061.48, near its highest level since 2008, as healthcare stocks continued to provide support. But mining and energy shares, hurt by falling gold and oil prices , were limiting the climb.
Healthcare rose 1.18%, building on its earlier gain, with Valeant Pharmaceuticals (VRX.TO) jumping 2% on a Financial Post report that says the probability it will be successful in its hostile takeover attempt of Botox-maker Allergan is increasing. Info tech followed after advancing 0.55%. The heavyweight financials were up 0.32%, ahead of the U.S. Federal Reserve's policy meeting, which will provide clues on whether or not the bank will keep the pace of its bond-buying program and when it might raise interest rates.
Meanwhile, energy shares tumbled 0.73%, with crude oil down by 0.54% to US$106.32 a barrel. Miners were off 0.17% after gold slipped 0.37% to US$1,270.60 an ounce.
More than 181 million shares have changed hands so far. B2Gold (BTO.TO) was the most actively traded stock.
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