TSX Jumps 300 Points at Midday With All Sectors Higher
The Toronto Stock Exchange is up 300 points at midday, climbing above the 35,000 mark for the first time in more than two weeks, with all sectors higher. The best performers are the healthcare and telecoms sectors, both up 1.1%. Materials is the third biggest gainer, up 0.9%. In other news, the Toronto Regional Real Estate Board said Friday that the Greater Toronto Area housing market conditions continued to improve in June, with sales growing year-over-year even as new listings declined over the same period. However, the MLS Home Price Index Composite benchmark was down by 5.4% year-over-year in June, and the average selling price fell 3.9% to C$1.06 million. In stocks, Imperial Metals (III.TO) is up 6.5% to $7.50, after it said it is set to receive C$500 million from the federal government to support the Red Chris mine's Block Cave copper-gold project.
The Toronto Stock Exchange is up 300 points at midday, climbing above the 35,000 mark for the first time in more than two weeks, with all sectors higher.
The best performers are the healthcare and telecoms sectors, both up 1.1%.
Materials is the third biggest gainer, up 0.9%.
In other news, the Toronto Regional Real Estate Board said Friday that the Greater Toronto Area housing market conditions continued to improve in June, with sales growing year-over-year even as new listings declined over the same period.
However, the MLS Home Price Index Composite benchmark was down by 5.4% year-over-year in June, and the average selling price fell 3.9% to C$1.06 million.
In stocks, Imperial Metals (III.TO) is up 6.5% to $7.50, after it said it is set to receive C$500 million from the federal government to support the Red Chris mine's Block Cave copper-gold project.