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TSX Edges Up At Open Thursday

8/16/2012 10:08 AM ET

Toronto stocks edged up at open amid marginal buying across a variety of sectors, with the S&P/TSX Composite Index adding 22.24 points or 0.19 percent to 11,927.68.

Fertilizer makers Agrium Inc. (AGU.TO) and Potash Corp. (POT.TO) added around 1 percent each.

In the oil patch, Pacific Rubiales Energy (PRE.TO), Vermilion Energy (VET.TO) and Baytex Energy Corp. (BTE.TO) were up about 1 percent each.

In the gold space, Agnico-Eagle Mines (AEM.TO), Detour Gold (DGC.TO) and Allied Nevada Gold (ANV.TO) moved up nearly 1 percent each.

Biotechnology company Medicago Inc. (MDG.TO) and the Infectious Disease Research Institute announced that they have been cleared by the U.S. FDA to initiate a Phase 1 clinical trial for an H5N1 Avian Influenza Virus-Like Particles vaccine candidate. The stock was up 1 percent.

Meanwhile, international pharmaceutical company Valeant Pharmaceutical (VRX.TO) lost over 1 percent.

Danier Leather Inc. (DL.TO) shed about 5 percent after reporting a wider fourth quarter net loss.

by RTT Staff Writer

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