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TSX Turns Positive at Midday As Miners, Healthcare Drive Gains

The TSX rose 40 points at midday, erasing earlier losses, as mining and healthcare shares led the widespread climb.

Commodity prices were mixed in recent trade, with oil advancing and gold slipping, amid anticipation for the outcome of the annual central bankers' gathering in Jackson Hole, Wyoming and ahead of U.S. Fed Chair Janet Yellen's speech on Friday, which could provide clues on whether the Fed would raise key rates in September. Brent was last up 0.7% at US$49.38/barrel, while gold edged off 0.3% to US$1,325.80/ounce.

Both healthcare and mining jumped 1.4%, while energy inched higher by 0.3%. Financials gained a modest 0.02%.

Total volume traded so far reached 136.3 million shares. B2Gold (BTO.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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