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TSX Up 90 Points Mid-Afternoon As Info Tech Turns Positive, Healthcare Narrows Loss, Energy Climbs Further

The TSX jumped 90 points mid-afternoon to 14999.21, building on its earlier gains, after energy issues climbed further and info tech shares swung to a gain.

Energy shares were up by 1.69%, with the worsening crisis in Iraq pushing oil prices higher. Northland Wealth Management Portfolio Manager David Cockfield reportedly said: "This is going to be another outstanding quarter for companies in the oil patch."

Industrials came in second, up 0.96%, as Bombardier (BBD-B.TO) climbed 3% on news it has been selected to become a part of a major consortium contracted to upgrade the High Speed North-North West Corridor rail signalling in Spain. The heavyweight miners and financials were higher by 0.35% and 0.47%, respectively. Info tech, which was in the negative territory at midday, edged up by 0.11%.

Only healthcare and utilities were in the red, down 0.14% and 0.04%, respectively.

More than 187 million shares have changed hands so far. Amaya Gaming (AYA.TO) is still the most actively traded and the biggest percentage gainer. Tekmira (TKM.TO) remained as the biggest percentage loser.

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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