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TSX Up 32 Points Mid-Afternoon, Kept Afloat by Materials; Energy Stocks Still Under Pressure

The TSX gained 32 points in the mid-afternoon session, kept afloat by material stocks, although energy issues remained under pressure.

Oil prices fell further below US$50/barrel after reports said non-OPEC nations including Azerbaijan, Brazil, Kazakhstan, Mexico, Oman, and Russia didn't express any commitment in joining OPEC countries in the recently concluded meeting in an effort to help re-balance the market. At last check, Brent was down 3.1% at US$48.16/barrel.

Mining and metals were ahead 1.4% and 1.6%, respectively. On the negative side, energy shed 1.3% and healthcare retreated by 0.8%.

Total volume traded was 178.3 million shares. EnCana (ECA.TO) was the most actively traded stock.

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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