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TSX Up 80 Points Mid-Afternoon Buoyed By Mining, Energy Stocks; Healthcare Still In the Red

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The TSX rose 80 points mid-afternoon, almost doubling its midday gain, after mining and energy stocks continued their rally, driven by firmer commodity prices.

Investors, however, are still worried the U.S. Federal Reserve might scale back on its stimulus program and raise key rates. But Northland Wealth Management Portfolio Manager David Cockfield reportedly assured investors that he doesn't expect the Canadian market to match any downside, although it won't charge ahead either if the U.S. market is going down.

Mining stocks were up 2.4% after gold prices increased 0.9% to $1,309.90 an ounce, while energy shares jumped 1.2% along with crude oil prices . Info tech and financials gained 0.8% and 0.4%, respectively.

Still in the negative zone were healthcare and telecom stocks, down 0.9% and 0.2%, respectively.

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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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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