TSX Creeps Deeper into Record Territory As Miners, U.S. Jobs Data Support; Up 39 Points at Midday
The Canadian benchmark index climbed deeper into record territory, hitting 15,256.36, after the most recent U.S. jobs data stirred hopes that the economic superpower is on its way to overcoming a slowdown. The TSX was up by almost 39 points at 15,248.61 at midday.
Data showed that U.S. employment grew faster while the unemployment rate dropped. Russell Investments Chief Market Strategist Stephen Wood reportedly said: "The steadying, grinding, yet measurably positive recovery in the United States continues. It appears that the slow economic recovery has gotten traction in the labor markets."
Mining was the strongest sector at midday, up 2.46%, even after gold prices were dampened by a strong U.S. dollar. The heavyweight financials followed, gaining 0.77%. Industrials rose 0.59%. Energy shares inched higher by 0.01%, with natural gas prices up 0.02%.
Meanwhile, info tech was the biggest loser, down 0.47%. Healthcare and utilities fell 0.38% and 0.17%, respectively.
More than 125 million shares have changed hands so far. Bombardier (BBD-B.TO) was the most actively traded.
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