Toronto stocks opened higher Wednesday amid buying across a variety of sectors, with the S&P/TSX Composite Index adding 58.14 points or 0.48 percent to 12,278.59.
The Diversified Materials Index rose over 1 percent, with Inmet Mining (IMN.TO), Teck Resources (TCK_B.TO) and First Quantum Minerals (FM.TO) adding around 1 percent each.
In the oil patch, Vermilion Energy (VET.TO) and Lundin Petroleum (LUP.TO) were up over 1 percent each.
Gold stocks were trading firm amid a surge in bullion prices. Allied Nevada Gold (ANV.TO), Detour Gold (DGC.TO), Agnico-Eagle Mines (AEM.TO) and Goldcorp. (G.TO) moved up over 1 percent each.
Dollarama Inc. (DOL.TO) gained close to 1 percent after reporting a much improved second quarter net income.
Funeral services provider Arbor Memorial Services Inc. (ABO_A.TO, ABO_B.TO) soared 45 percent after announcing that it would be acquired by shareholders group for $32.00 per share in cash, representing over 45 percent premium to its latest closing price.
Meanwhile, Niko Resources (NKO.TO) dived 18 percent after providing offshore drilling update.
by RTT Staff Writer
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