Bay Street stocks were little changed at open Tuesday as gauges of most sectors were stuck in the mud, resulting in a modest gain for Toronto's main index.
The S&P/TSX Composite Index edged up 7.38 points or 0.06 percent to 11,956.63.
Valeant Pharmaceuticals (VRX.TO) surged 12 percent after announcing that it would acquire Medicis Pharmaceutical Corp. for $2.6-billion.
In the oil patch, Baytex Energy Corp. (BTE.TO) and MEG Energy (MEG.TO) moved up nearly 1 percent each.
Among gold plays, Allied Nevada Gold (ANV.TO) and Royal Gold (RGL.TO) gathered around 1 percent each.
Asset management company Onex Corp. (OCX.TO) slipped 0.50 percent after it said it would acquire SGS International Inc. (SGSI) for $813 million
Manufacturer of aerospace products Héroux-Devtek Inc. (HRX.TO) said that it has sold its Aerostructure and Industrial Products operations to Precision Castparts Corp. (PCP), for a cash consideration of $300.0 million. Héroux was down 2 percent.
by RTT Staff Writer
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