Markets

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%.

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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