Toronto stocks rallied at open Friday supported by buying across a variety of sectors, with the S&P/TSX Composite Index adding 143.86 points or 1.25 percent to 11,650.36.
The Diversified Materials Index surged 2 percent, with Inmet Mining (IMN.TO) and Teck Resources (TCK_B.TO) gaining around 4 percent each. First Quantum Minerals (FM.TO) gathered over 2 percent.
In the oil patch, Imperial Oil (IMO.TO), Suncor Energy (SU.TO), Bonterra Energy (BNE.TO) and MEG Energy (MEG.TO) rose around 2 percent each.
Among financial plays, National Bank (NA.TO), Royal Bank (RY.TO) and CIBC (CM.TO) added around 2 percent each.
IGM Financial Inc. (IGM.TO) edged up 1 percent despite posting lower second-quarter net income.
Fertilizer maker Agrium Inc. (AGU.TO) gained close to 2 percent after reporting improved second quarter net earnings.
by RTT Staff Writer
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