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