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TSX Up 27 Points at Midday, Sectors Mixed; Industrial Leads Gainers, Mining Weakest Sector

The Canadian main stock index rose 27 points at midday to slightly above a six-year high of 14800, with industrial shares driving gains despite weakness in mining stocks. But the rally was limited after Statistics Canada reported that although 26,000 jobs were created, they were all part-time.

Industrial was the strongest sector, up 0.9%, with Air Canada (AC-B.TO) climbing to a 6.5-year high after analysts reportedly raised their outlook on the carrier on "fundamental" cost-cutting moves. Info tech followed, jumping 0.8%. Energy shares and the heavyweight financials were both higher by 0.3%.

Meanwhile, miners were down 1.1%, hurt by falling gold prices . Telecom came in second, down 0.7%.

More than 103 million shares have changed hands so far. There were 753 advancers and 517 decliners.

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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