TSX Up 42 Points at Midday As Resources, Financials Advance
The TSX rose 42 points at midday, boosted mostly by resource and financial shares, although gains were limited in the energy group due to the persistent weakness in oil prices .
Reports said OPEC's production was at record levels, while U.S. drillers added oil rigs for a fourth consecutive week. At last check, Brent was barely changed at US$44.73/barrel, while the WTI slipped 0.4% to US$42.95/barrel.
Materials and energy were up 2.1% and 0.3%, respectively, while financials edged higher by 0.4%. Weighing on the broader index were utilities and healthcare, down 0.6% and 0.5%, respectively.
Total volume traded so far stood at 150.9 million shares. Baytex Energy (BTE.TO) was the most actively traded stock.
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