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TSX Up 38 Points Mid-Afternoon, Miners Still Down, Energy Gaining Despite Falling Oil Prices

The TSX rose 38 points mid-afternoon to 14718.73, extending its earlier gain, after energy shares received further support from rising natural gas prices .

Crude oil prices were down 0.03%, but energy shares were up 0.5% mid-afternoon, boosted by natural gas that was up 0.5%. Industrials and telecom were also higher by 0.5%. The heavyweight financial sector was the biggest gainer, up 0.6%.

Meanwhile, healthcare was the weakest sector, down 1.3%, with Valeant Pharmaceuticals (VRX.TO) losing 2% after its partner in the Allergan bid, Bill Ackman, decided to pursue a proxy fight with the NYSE-listed Botox maker. Miners came in second, dropping 1.2%, hurt by the weakness in copper prices . B2Gold (BTO.TO), down near 7%, remained as the most actively traded stock.

More than 180 million shares have changed hands so far. There were 742 advancers and 730 decliners.

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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