TSX Finds New Heights
Equities leaped midday Friday, as energy stocks gained on higher crude prices and upbeat economic data bolstered optimism over an economic
rebound.
The TSX Composite index strengthened 98.3 points to reach noon hour EDT Friday at 20,147.77, another intraday record for the exchange.
The Canadian dollar erased 0.4 cents to 82.23 cents U.S.
Hudbay Minerals was up 25 cents, or 32.9{144f68ac4ecc1edec14c4f3869e0ee83d6cd3317dcfb7aededc0da78b8f74bc8}, to $8.77, while First Quantum Minerals popped 78 cents, or 2.7{144f68ac4ecc1edec14c4f3869e0ee83d6cd3317dcfb7aededc0da78b8f74bc8}, to $29.33.
Enghouse Systems fell $2.29. or 4.3{144f68ac4ecc1edec14c4f3869e0ee83d6cd3317dcfb7aededc0da78b8f74bc8}, to $51.55, after the software provider missed second quarter estimates, while NorthWest Healthcare Properties, fading 23 cents, or 1.8{144f68ac4ecc1edec14c4f3869e0ee83d6cd3317dcfb7aededc0da78b8f74bc8}, to $12.85.
The Bank of Canada said on Thursday that inflation could remain higher than projected if supply imbalances and pressures on capacity persist, which might lead it to reduce stimulus more quickly than currently expected.
ON BAYSTREET
The TSX Venture Exchange docked 0.43 points to 979.48.
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