Markets

TSX Adds 16 Points at Midday, But Climb Hampered by Miners

The TSX was up by a modest 16 points at midday, with gains kept in check by falling mining stocks that, along with gold and copper prices , were pressured by weak Chinese economic data. The benchmark index was close to a day low of 15,392.37.

Data showed that Chinese exports dropped 15% year-over-year in March 2015. Imports also reportedly contracted at the fastest rate since 2009. As a result, gold prices slipped below the US$1,200-an-ounce levels while copper shed 0.22%, sending mining stocks plummeting 2.34%.

Still in resources, energy shares were off 0.01%, with Brent crude oil prices , which were moderately higher at US$58.12 a barrel, limiting the decline.

On the positive side, healthcare led with a small gain of 0.33%. Financials and info tech were up 0.26% and 0.25%, respectively.

Total volume traded so far reached 123.2 million shares. MBAC Fertilizer (MBC.TO) was the most actively traded stock.

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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