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TSX Rallies 127 Points Mid-Afternoon As Energy, Materials Continue to Climb

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The TSX surged by 127 points in the mid-afternoon session, building on earlier gains, as energy and material stocks continued to advance.

Oil and copper prices were higher after reports of positive economic data out of Japan and France, which helped ease worries over U.S. President Donald Trump's focus on protectionism instead of on fiscal stimulus. However, Actions Economics said oil remains in a tug of war between reported relatively high OPEC compliance on output limits against increasing U.S. shale production.

Mining and metals climbed 1.7% and 3.4%, respectively. Energy jumped 2.3%. Only healthcare was in the red, shedding 0.3%, as financials turned to a modest gain of 0.2%.

Total volume traded was 298.6 million shares. Northern Dynasty Minerals (NDM.TO) was the most actively 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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