TSX Climbs 142 Points at Midday As Info Tech, Resources Lead Gains
The TSX climbed 142 points at midday, with info tech and resource stocks leading the broad-based surge.
Oil prices were trending upward as traders bought into the previous week's decline that was caused by weak fundamentals. As well, Action Economics said that over the weekend, OPEC reaffirmed its pledge to cut production, saying it would hammer out the details at its late November meeting in Vienna.
Meanwhile, candidate Hillary Clinton got a boost in the U.S. presidential race after the FBI reportedly said it will not file any criminal charges against her for her alleged e-mail practices. Americans are set to cast their votes on Tuesday.
Metals advanced 2.6% and were followed by info tech, which rallied 2.3%. Energy added about 2%.
Total volume traded so far was 143.8 million shares. B2Gold (BTO.TO) was the most actively traded stock.
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