Markets

TSX Up 70 Points at Midday After Hitting Record High on Better-Than-Expected U.S. Jobs Data; Miners Lead Broad Surge

The Canadian benchmark index was up almost 70 points at midday after reaching a record high of 15.217.19, supported by better-than-expected U.S. jobs data. The TSX started out strong and continued to climb after the U.S., Canada's trading partner, released its latest jobs data showing that employers hired more workers in June, beating the market's expectations.

Leading the broad surge were mining shares, up 3%, with the price of the yellow metal rising 0.23% to US$1,329.70 an ounce. Info tech, up 1.78%, was a distant second. The heavyweight energy and financials gained 0.38% and 0.52%, respectively.

Only telecom and healthcare were in the negative territory, down 0.40% and 0.35%, respectively.

More than 142 million shares have changed hands so far. Centerra Gold (CG.TO) was the most actively traded.

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

Commodities