Markets

TSX Up 36 Points Mid-Afternoon, But Materials Continue to Limit Gains

The TSX was ahead by 36 points in the mid-afternoon session, although gains were continued to be limited by weak material stocks.

Metal prices were higher on even after the dollar spiked higher after the mix of data, where CPI was much hotter than expected, retail sales beat the street, and the Empire State index was better than forecast.

Meanwhile, oil tumbled following the EIA inventory data which showed a 9.5 million barrel rise in crude stocks. The street had been expecting a 3.0 million barrel increase.

Healthcare was still in the lead, advancing 2.1% and was followed by telecom, which rose 1.5%. On the negative side, mining and metals shed 0.8% and 1.7%, respectively.

Total volume traded was 252.6 million shares. Northern Dynasty Minerals (NDM.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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