TSX Adds to Early Gains, Up 42 Points at Midday; Energy Down As Oil Prices Weigh, Healthcare Widens Loss
The Canadian benchmark index advanced 42 points at midday, adding to its earlier gains, as easing concerns over the Ukraine-Russia conflict helped boost all of the major sectors except healthcare and energy. The TSX settled at 15,346.11, near an intraday high of 15,353.85.
Russia claimed that issues related to the aid it sent to Ukraine had been resolved, media reports said on Monday. Although the crisis is not quite over yet, as reports also revealed that pro-Russian rebels are being accused of shooting rocket fire on a convoy of buses, killing people.
In equities, info tech has been the biggest gainer, jumping 0.87%, with BlackBerry (BB.TO) up almost 2% on news it is creating a new business unit, called BlackBerry Technology Solutions, to be led by Sandeep Chennakeshu. Financials came in second, up 0.66%. Miners edged higher by 0.20%, tracking silver and copper prices .
On the other hand, healthcare widened its early losses to 0.80%, as Valeant Pharmaceuticals (VRX.TO) went down 2% on reports the drug maker's tax returns filed in the U.S. will be audited by the Internal Revenue Services. Energy stocks fell 0.59%, following a 1.29% drop in crude oil prices .
More than 108 million shares have changed hands so far. Bellatrix Exploration (BXE.TO) was the most actively traded stock.
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