TSX Up 68 Points at Midday As Energy, Materials Lead Climb
The TSX rose 68 points at midday, lifted mostly by energy and material stocks, which received support from stronger commodity prices.
Oil and copper prices were higher after reports of positive economic data out of Japan and France, which helped ease worries over U.S. President Donald Trump's focus on protectionism instead of on fiscal stimulus. However, Actions Economics said oil remains in a tug of war between reported relatively high OPEC compliance on output limits against increasing U.S. shale production.
Mining and metals advanced 1.8% and 3.0%, respectively, while energy climbed 1.4%. Only financials and healthcare were in the red, down 0.2% and 0.4%, respectively.
Total volume traded so far was 198.1 million shares. Northern Dynasty Minerals (NDM.TO) was the most actively traded stock.
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