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