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TSX Up 88 Points at Midday As Resources Lead Climb

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The TSX climbed 88 points at midday, lifted by energy and materials after commodity prices rose due to a weak dollar.

The dollar fell from a seven-month high, dragged down by disappointing U.S. consumer price data, which tamed speculations that the U.S. Federal Reserve would raise key rates this year. Gold was last up 0.7% at US$1,271.90/ounce, while Brent jumped 2.5% to US$52.97/barrel.

Mining and metals advanced 1.6% and 0.4%, respectively, while energy hiked 1.9%. Industrials were the weakest, shedding 0.5%.

Total volume traded so far was 174.2 million shares. Baytex Energy (BTE.TO) was the most actively traded stock.

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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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