TSX Adds 10 Points Mid-Afternoon As Healthcare, Miners Offset Weak Energy, Utilities
The TSX remained slightly changed in the mid-afternoon session and was up by a modest 10 points, still supported by rising mining and healthcare shares.
Oil slid to new lows as concerns build up alongside market supply. And OPEC's refusal to cut production isn't helping even as poorer member-nations of the oil cartel are taking a blow. Brent crude was last down 1.4% at US$36.35/barrel, while the WTI crude slipped 0.5% to US$34.55/barrel.
The mining and healthcare groups advanced 3.5% and 1.4%, respectively, while financials gained 0.1% after declining earlier. Energy and utilities were still in the red, shedding 0.6% and 0.4%, respectively.
Total volume traded already exceeded 223 million shares. Long Run Exploration (LRE.TO) was the most actively traded stock.
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