TSX Pares Gains to 137 Points Mid-Afternoon; Energy, Info Tech Still In The Lead
The TSX slashed 10 points off its midday gains and was ahead 137 points in the mid-afternoon session after energy shares reduced their earlier gains. The benchmark index continued to get support from rising commodity prices and upbeat U.S. job openings data.
Both Brent crude and copper were still in the green, giving energy and mining stocks a lift by 1.88% and 0.90%, respectively. But among sectors, info tech advanced the most, 2.26%, with constituent BlackBerry (BB.TO) up about 1%.
The market was also influenced by the latest reading on U.S. job openings, which the Labor Department said hit a 14-year high of 5.1 million in February.
Healthcare and industrials, which were notable upward movers at midday, trimmed their gains to 0.91% and 0.80%, respectively. Financials firmed 0.87%.
Total volume traded already reached 212.3 million shares. Spartan Energy (SPE.TO), which was ahead by nearly 3%, was the most heavily traded stock.
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