Markets

TSX Little Changed As Energy, Miners Recover; Down 2 Points at Midday

The TSX was slightly changed at midday, shedding a mere 2 points, as energy and mining stocks helped reduce the negative impact of financial and industrial shares.

A weak dollar post-Federal Reserve rate hike lifted commodity prices. At last check, gold was up 1.5% at US$1,065.40/ounce, while Brent rose 1.4% to US$37.59/barrel. Copper was also sharply higher at US$2.109/lb.

Also in the news, Bombardier (BBD-B.TO) was soaring after its CSeries jets have been certified by Transport Canada. The news, however, failed to lift the industrial group. The stock was last up 14.5%.

The mining and energy sectors surged 7.65% and 1.53%, respectively. On the other hand, financials slipped 0.85%, and industrials retreated 0.53%.

Total volume traded so far reached 249 million shares. Bombardier was the most actively traded stock.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos