Toronto stocks opened higher Thursday amid buying in commodities, with the S&P/TSX Composite Index surging 87.44 points or 0.76 percent to 11,666.60
The Diversified Materials Index rose about 2 percent, with First Quantum Minerals (FM.TO) adding nearly 3 percent. Inmet Mining (IMN.TO) and Teck Resources (TCK_B.TO) gathered around 2 percent each.
In the oil patch, Trican Well Services (TCW.TO) moved up 3 percent. Canadian Natural Resources (CNQ.TO) and Crescent Point Energy (CPG.TO) were up around 2 percent each.
Among gold stocks, Detour Gold (DGC.TO) rose 3 percent. Agnico-Eagle Mines (AEM.TO) and Allied Nevada Gold (ANV.TO) added over 1 percent each.
Shoppers Drug Mart Corp. (SC.TO) moved up 2 percent after posting improved second-quarter net earnings.
Meanwhile, real estate company Madison Pacific Properties Inc. (MPC.TO) shed close to 5 percent.
by RTT Staff Writer
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