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TSX Up 36 Points on Mostly Positive Sectors; Energy Surges on Higher Oil Prices

The TSX is up 36 points this morning, on predominantly positive sectors. Energy is the biggest gainer this morning, up 1.15%, followed by healthcare, which has gained 1.04%. Telecoms, the sole negative sector, is down 0.29%.

Oil and gas prices are both up this morning. while the bullion moved back above US$1,200-an-ounce levels. Oil prices increased after concerns over the possibility of more supply from Iran subsided.

Statistics Canada reported that employment rose in March by 29,000, driven by gains in part-time work, although the unemployment rate was unchanged at 6.8%. The forecasts were for zero jobs to be created and for the jobless rate to reach 6.9%.

The Canadian Mortgage and Housing Corp announced that the seasonally adjusted annualized rate of housing starts rose to 189,708 units last month from a downwardly revised 151,238 units in February. This exceeded the 175,000 that economists had expected.

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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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