TSX Up 52 Points Mid-Afternoon; Stronger Healthcare Stocks Offset Weak Resources
The TSX climbed higher and was up by 52 points in the mid-afternoon session, with healthcare stocks extending their rally, cancelling out the weakness in energy and mining shares.
Oil prices were still down in the afternoon, as the imbalance between supply and demand remains a concern for investors. At last check, the WTI crude was down by 0.79% at US$40.43/barrel.
Also helping keep the market afloat is the anticipation of a rate increase in December by the U.S. Federal Reserve after a statement from the bank on Wednesday.
By mid-afternoon, the mining and energy groups were down 1.53% and 1.39%, respectively. On the other hand, healthcare surged 1.90%. Financials were up 0.76%.
Total volume traded stood at 233.4 million shares. Bombardier (BBD-B.TO) was the most actively traded stock.
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