TSX Pares Earlier Gain, Up 7 Points Mid-Afternoon, As Energy Turns Negative; Miners Continue Climb
The TSX gave back some of its earlier gains and was up 7 points by mid-afternoon at 15,216.84, as energy shares turned negative. The index hit a record high of 15,256.36 earlier, with investors cheering the most recent U.S. employment data showing employment in the economic powerhouse 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 remained the strongest sector, up 2.91%, despite falling gold prices . Financials rose 0.46%, followed by industrials that jumped 0.44%.
In the negative territory, info tech continued to decline and was down 0.65%. Healthcare came in second after falling 0.63%. Energy shares, which were slightly higher at midday, were off 0.29%, weighed down by crude oil prices .
More than 183 million shares have changed hands so far. Lundin Mining (LUN.TO) was the most actively traded.
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