Markets

TSX Climbs Higher, Up 76 Points at Midday, As Miners Lead Surge on Gold Prices; Healthcare Lone Decliner

The TSX continued its upward momentum on the back of rising mining stocks and the upswing in energy shares. The benchmark index was ahead by 76 points at midday and closer to its session high at 15,159.23.

Mining stocks moved up 1.43% in tandem with gold prices after reports revealed that non-farm productivity in the U.S. declined in Q4, following revision, and that the number of Americans that filed applications last week for unemployment benefits unexpectedly increased. Meanwhile, shares from the energy group turned to a modest 0.14% advance, as Brent crude prices edged up to US$60.83 per barrel, with the ongoing conflict both in Iraq and Libya threatening production from the two nations and overshadowing the increase in U.S. inventories.

Also showing gains were utilities (+0.83%) and the heavyweight financials (+0.43%).

Only the healthcare sector was in the negative territory, shedding 0.05%.

Total volume traded so far was more than 153 million shares. Encana (ECA.TO) was the most actively traded stock.

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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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