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TSX Rallies 110 Points at Midday As Resources Lead Gains

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The TSX climbed 110 points at midday, lifted mostly by energy and material stocks.

Oil prices were strong on Friday, and Action Economics ( AE ) said underpinning is an IEA report finding that the OPEC-led production cut agreement among major oil producing nations reached 90% compliance in January, the first of the six-month plan to lift crude prices.

Meanwhile, AE also said the global stock market rally that was sparked by Trump's reference to a "phenomenal" tax announcement

Mining and metals advanced 1.9% and 2.7%, respectively. Energy rose 1.4%. Only telecoms were in the red, down 0.2%.

Total volume traded so far was 196.9 million shares. B2Gold (BTO.TO) 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.

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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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