The TSX is up 40 points this morning on mixed sectors. Miners are the biggest gainer so far, up 1.12%.
Gold is up 0.54% so far. Action Economics ( AE ) said the modest overnight rally in gold came on the back of a weaker dollar, and a softer risk-taking backdrop. Traders will look ahead to 2017 now, with gold price direction to be determined largely by where the dollar goes, and how the Fed's rate hike projections pan out, AE added.
The API reported a 4.2 million barrel weekly build in U.S. crude stocks. Official EIA data will be released at 11 am today.
The biggest decliner is healthcare, down 0.21%.
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