The TSX was up by 30 points mid-afternoon, maintaining its level at slightly above a six-year high of 14800, as industrial shares extended their earlier rally with support from Air Canada (AC-B.TO). But investors remained cautious, following Statistics Canada's report that although 26,000 jobs were created in May, they were all part-time.
Industrial shares rose 1%, as Air Canada (AC-B.TO) climbed to a 6.5-year high after analysts raised their outlook on the carrier after implementing initiatives to cut costs. Info tech was the second biggest gainer, up 0.6%. Energy and financials were up 0.4% and 0.3%, respectively.
In the negative territory, miners had the steepest fall, about 2%, after the bullion went down 0.1% to US$1,252.30 an ounce. Telecom followed, down near 1%.
More than 160 million shares have changed hands so far. There were 878 advancers and 561 decliners.
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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.
