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TSX Edges Up At Open Monday

Bay Street stocks edged up at open Monday amid marginal buying across a variety of sectors, with the S&P/TSX Composite Index adding 49.32 points or 0.41 percent to 12,089.71.

In the oil patch, Suncor Energy (SU.TO), Imperial Oil (IMO.TO) and MEG Energy (MEG.TO) were up around 2 percent each.

In the base-metals space, Teck Resources (TCK_B.TO) and Inmet Mining (IMN.TO) were up close to 2 percent each.

Uranium miner Quest Rare Minerals (QRM.TO) gained over 1 percent after reporting a narrower first quarter net loss.

Among financial plays, Scotiabank (BNS.TO) and CIBC (CM.TO) gathered around 1 percent each.

Meanwhile, SouthGobi Resources (SGQ.TO) lost close to 7 percent after announcing that Mongolian authorities have made a request to suspend exploration and mining activity on certain licenses.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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