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TSX Up 43 Points Mid-Afternoon As Energy, Miners Extend Climb

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The TSX rose 43 points in the mid-afternoon session, supported by the continued rally in energy and mining stocks.

Oil prices were higher on Wednesday after the U.S. Energy Information Administration reported a decline of 3.4 million barrels in crude inventories last week. The WTI was last up 4.1% at US$47.39/barrel, while Brent jumped 3.5% to US$46.21/barrel. Gold was also higher at US$1,276.70/ounce.

The mining and energy groups were still in the lead, advancing 5.6% and 1.7%, respectively, while utilities gained 1%. On the negative side, healthcare and industrials shed 0.3% and 0.2%, respectively.

Total volume traded already exceeded 320 million shares. Kinross Gold (K.TO) was the most actively traded stock.

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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