Markets

TSX Up 30 Points Mid-Afternoon, Industrials Extend Earlier Rally, But Miners Sink Deeper In the Red

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.

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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