Markets

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

Using a smartphone to calculate data

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.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Stocks

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More