TSX Up 36 Points at Midday; Healthcare, Telecom Lead Gains
The TSX rose 36 points at midday, boosted mostly by healthcare and telecom 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 and telecom advanced 1.9% and 1.5%, respectively. On the negative side, mining and metals shed 0.5% and 1.4%, respectively.
Total volume traded so far was 186.2 million shares. Northern Dynasty Minerals (NDM.TO) was the most actively traded stock.
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