TSX Up 35 Points at Midday, Reversing Early Losses, As Healthcare Turns Green, Miners Rally
The Canadian benchmark index turned green at midday, rising 35 points to an intraday high of 15,512.31, a few hours before the U.S. Fed releases the minutes of its policy meeting. Healthcare stocks swung to a gain, and miners extended their climb.
The Fed is expected to announce the outcome of its policy meeting this afternoon, which investors hope would include information on when the bank would raise interest rates.
In sectors, miners were in the lead with a 1.85% gain, as silver and copper prices provided support. Industrials came next, up 0.70%, with shares in Canadian Pacific Railway (CP.TO) advancing 1.23%. Energy edged up 0.22%, along with crude oil prices . And healthcare, which was in the red earlier, rose 0.54%.
Telecom was the only sector in the negative territory, losing 0.03%.
So far, volume traded exceeded 103 million shares. Lundin Mining (LUN.TO) was the most heavily traded stock.
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