Bay Street stocks were little changed at open Wednesday with commodities losing ground, while healthcare stocks were in the limelight. The S&P/TSX Composite Index edged down 2.57 points or 0.02 percent to 12, 134.37.
The Healthcare Index gained close to 3 percent, with SXC Health Solutions (SXC.TO) adding nearly 10 percent. The pharmacy benefit management services provider said it would acquire Catalyst Health Solutions Inc. (CHSI) in a cash and stock transaction valued at about $4.4 billion.
Convenience stores operator Alimentation Couche-Tard (ATD_A.TO) surged over 15 percent after announcing that it would acquire Statoil Fuel & Retail ASA for NOK 53 per share cash.
Among base-metals stocks, Ivanhoe Mines (IVN.TO) gained 7 percent after announcing that it would proceed with $1.80 million a rights offering .
Among gold stocks, Gabriel Resources Ltd. (GBU.TO) gained nearly 9 percent
Meanwhile, energy stocks were trading lower, with Niko Resources (NKO.TO) and Suncor Energy (SU.TO) losing over 1 percent each.
by RTT Staff Writer
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