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TSX Extends Rally, Up 54 Points Mid-Afternoon; Miners, Healthcare Narrow Loss

The TSX was up by 54 points mid-afternoon at 14788.27, building on its earlier gains, with mining and healthcare stocks somehow improving. Info tech remained the strongest sector.

The rally, however, was limited by disappointing jobs data from the U.S,. showing fewer-than-expected workers were hired in May. Northland Wealth Management Portfolio Manager David Cockfield reportedly said: "The market is looking a little tired. We've gone too long without a correction."

In the negative territory, healthcare was down nearly 8%, with Valeant Pharmaceuticals (VRX.TO) shedding 3%, while mining slipped 0.4%.

Meanwhile, info tech was up 1.3% by mid-afternoon. It was followed by industrials, up 0.8%, after WestJet (WJA.TO) climbed 2% after reporting increased passenger traffic for May 2014. Energy and financials were both higher by 0.5%.

More than 190 million shares have changed hands so far. There were 806 advancers and 733 decliners.

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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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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