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.
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