Markets

TSX Still More Than 100 Points Higher at Midday As Energy, Healthcare Rally Offsets Declining Miners

The TSX remained strong at midday, although it gave back some of its earlier gains after the buying momentum in energy stocks was slightly tempered. Miners continued to fall with gold prices .

Supportive of Canada's commodity-sensitive benchmark index, Brent crude oil prices surged above US$56-per-barrel levels after days of decline, as traders claimed sell-off had been overdone. The latest report on U.S. jobless claims has also been boosting sentiments after data showed the number of Americans filing applications for unemployment benefits rose less than what was expected, giving investors hope about the U.S. labor market.

On the sector front, energy was the best performer with advances of 1.57%. The healthcare group followed closely with gains of 1.45%. Financials were up by a moderate 0.66%.

The mining sector was the only decliner, losing a mere 0.18%.

Total volume traded so far stood at 160.5 million shares. Bombardier (BBD-B.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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