TSX Up 37 Points at Midday As Resources Offset Weak Healthcare Stocks
The TSX added 37 points at midday, with energy and mining stocks cancelling out the weakness in healthcare shares.
Both Brent and the WTI were in the green at midday, following the EIA's report that said Chinese exports of diesel began to increase rapidly in 2015, driven by a structural shift in China's economy, which is reducing diesel demand, and by reforms in China's refining sector, which are contributing to increased refinery utilization and diesel production. China is a major energy consumer.
The mining and energy groups surged 2.5% and 1.5%, respectively. On the negative side, healthcare shed 2.1%.
Total volume traded so far reached 153.7 million shares. Kinross Gold (K.TO) was the most actively traded stock.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.