Markets

TSX Up 70 Points Mid-Afternoon, Pushed Further Into Record Territory by Miners; Upbeat U.S. Jobs Report Fuels Optimism

The TSX climbed further into record territory, reaching 15223.04, as mining shares continued their surge, drawing strength from rising gold prices . The benchmark index was up by 70 points in mid-afternoon trading.

Boosting sentiments were a recent report from the U.S., Canada's largest trading partner, showing that employers hired more workers in June, beating the market's expectations.

Most sectors were advancing, with miners leading the way. Mining shares were up 3.47%, with the bullion rising 0.25% to US$1,329.90 an ounce. Info tech remained as the second biggest gainer, up 1.86%, supported by BlackBerry (BB.TO) that jumped 5% after getting good reviews for its latest phone. Energy edged up 0.19% after giving back some of its earlier gains. The heavyweight financials surged 0.63%.

Healthcare and telecom stayed in the negative territory, down 0.11% and 0.36%, respectively.

More than 197 million shares have changed hands so far. Centerra Gold (CG.TO) was the most actively traded.

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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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