TSX Adds 34 Points at Midday, Driven by Miners, Healthcare
The TSX rose 34 points at midday, carried higher by mining and healthcare stocks, amid a relatively quiet trading day, with U.S. markets closed for the Thanksgiving holiday.
Gold and oil were lower on Thursday, taking a beating from the strength of the dollar. Oil was also down, as concerns over the ongoing crisis in the Middle East faded and focus returned to supply. OPEC reportedly said it will not cut production despite the current imbalance between supply and demand. Gold was last down 0.28% at US$1,070.30/ounce, while Brent crude dropped 1.67% to US$45.40/barrel.
The mining group led surging 3.72% and was followed by healthcare, which was advancing 2.01%. Financials were up by a mere 0.12%. Energy and utilities were the only sectors in the negative territory, down 0.26% and 0.25%, respectively.
Total volume traded so far stood at 58.4 million shares. Petrowest (PRW.TO) was the most actively traded stock.
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