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TSX Up 90 Points on Mixed Sectors -- Miners, Energy, Post Biggest Gains

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The TSX is up 90 points this morning, boosted by gains in the mining and energy sectors. Miners are up 4.25%, followed by energy which has gained 1.2%.

Healthcare is the biggest decliner so far, shedding 1.15%.

The Canadian labor market stalled in April, leaving the unemployment rate unchanged at 7.1%. Canada lost 2,100 jobs last month, Statistics Canada said on Friday, and the unemployment rate is unchanged at 7.1%.

Alberta fared the worst, losing 20,800 jobs, including 8,400 in the natural resource sector. The province's unemployment rate edged up above the national average to 7.2%.

Alberta also continues to be buffeted by raging wildfire, with some economists predicting the disaster could weigh on Q2 growth, due to the disruption to oil sands operations.

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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