TSX at 2pm: TSX Turns Positive on Constructive Fiscal Cliff Talks
The Toronto stock market was higher in afternoon trading, showing signs of breaking out of a recent slump, in the wake of reports of constructive talks in the United States aimed at resolving the looming fiscal crisis.
The S&P TSX Composite Index was up 51 points at 11,862, bouncing back from earlier lows of 11,761. Commodity prices rose and financial and energy shares reversed course.
Most of the TSX's sub-sectors were in positive territory, led by health care and materials.
Heavily traded Bombardier (BBD-B.TO) gained 3% while Poseidon Concepts (PSN.TO) declined 7%.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.