Markets

TSX Up 39 Points at Midday As Ukraine Fears Ease, But Resources Lower on Commodities

Canada's benchmark index was in the green at midday, gaining 39 points, following Russian President Vladimir Putin's remarks that calmed concerns over the Ukraine-Russia crisis. Resource stocks, however, were limiting the climb for the TSX, with gold and oil prices under pressure.

Media reports said President Putin reassured that Russia would stand up for itself but not to the point of causing conflict with the outside world.

This sent most sectors higher, with healthcare leading the way with a 0.94% gain. Financials also leaped 0.55%, as Toronto-Dominion Bank (TD.TO) shares advanced 0.55%. Telecom and industrials rose 0.29% and 0.24%, respectively.

On the other hand, mining and energy stocks tumbled 1.01% and 0.23%, respectively, along with gold and crude oil prices.

There were more than 130 million shares that have changed hands so far. Air Canada (AC-B.TO) was the most heavily traded.

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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