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TSX Maintains Strength on Firmer Resources, Financials; Up 81 Points Mid-Afternoon

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The TSX was ahead 81 points in the mid-afternoon session at 14,954.87, drawing strength from the continuous rally in resource and financial stocks.

Mining and energy shares maintained their momentum after a weakening dollar powered commodities. Miners surged 5.95%, with gold prices up more than 1% at US$1,183.80 an ounce. Energy producers gained 0.93%, as Brent crude rose 1% above the US$55-per-barrel mark. The greenback lost strength after the U.S. Federal Reserve hinted it is in no rush to raise key rates.

Financials, another notable upward mover, jumped 1.03%.

In the negative territory, healthcare and info tech were both 0.49% lower, while telecoms eased 0.47%.

Total volume traded so far exceeded 314 million shares. Manulife (MFC.TO) was the most heavily 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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