Toronto stocks moved up at open Tuesday amid marginal buying across a variety of sectors, with the S&P/TSX Composite Index adding 31.09 points or 0.26 percent to 11,788.97.
The Diversified Materials Index rose over 1 percent, with Inmet Mining (IMN.TO) surging nearly 6 percent. First Quantum Minerals (FM.TO) moved up 1 percent, while Teck Resources (TCK_B.TO) was losing nearly 1 percent.
Among gold plays, Royal Gold (RGL.TO) and Barrick Gold (ABX.TO) added close to 1 percent each.
Hardware dealer RONA inc. (RON.TO) jumped 21 percent to C$14.40 after its Board rejected a $14.50-per share acquisition proposal from U.S.-based Lowe's Companies, Inc. (LOW)
In the oil patch, Lundin Petroleum (LUP.TO) and Paramount Resources (POU.TO) gained about 3 percent each.
Meanwhile, oil fields services provider Trican Well Service (TCW.TO) lost 1 percent after slipping into the red in second-quarter.
Power company TransAlta Corp. (TA.TO) eased 0.25 percent after slipping into the red in second quarter.
by RTT Staff Writer
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