TSX Up 82 Points at Midday As Rising Energy, Telecoms Offset Weak Miners
The TSX was ahead by 82 points at midday after adding to earlier gains, as the continued rise in energy and telecom stocks cancelled out the weakness of mining stocks.
Investors are in a somewhat cheery mood despite Friday's attacks in Paris, as the market doesn't expect the deadly event to have long-term impact on the global economy.
Meanwhile, oil prices were still lower as worries over the supply glut persisted. At last check, benchmark Brent crude slid 2.36% to US$43.42/barrel.
At midday, only the mining group was in the red, shedding 1.67%. Taking the lead on the positive side were telecom and energy, up 1.65% and 1.04%, respectively.
Total volume traded so far reached 114 million shares. Bombardier (BBD-B.TO) was the most actively traded stock.
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