RTTNews - Bay Street stocks are slightly higher on Friday, led by strength in the mining sector. Trading is lighter than normal with U.S. markets closed for Independence Day.
The S&P/TSX Composite Index has added 34.13 points or 0.33% to move 10,280.03. The main index had declined in each of the two previous sessions.
Mining stocks are up 1.1%. Teck Resources (TCK-B.TO) has added 3.8% after the company announced that China Investment Corporation has agreed to purchase through a wholly-owned subsidiary 101.3 million Class B subordinate voting shares of Teck for C$17.21 per share.
Ivanhoe (IVN.TO) is up 1.9% and Thompson Creek Metals (TCM.TO) has aded 1.5%.
On the corporate front, Petro Andina Resources (PAR.TO) is down 1.6% after its board urged shareholders to reject a $400 million takeover offer from Pluspetrol Resources.
SNC-Lavalin Group (SNC.TO) is up 0.6% after the company announced that it has completed its offering of aggregate principal amount of C$350 million of 6.19% debentures due July 3, 2019. The debentures were issued through a syndicate of agents led by RBC Dominion Securities.
On Thursday, the S&P/TSX Composite Index fell 129.00 points or 1.24% to finish at 10,245.91. The market was closed on Wednesday for Canada Day.
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