Toronto stocks have remained slightly higher on Monday but have given back the majority of the day's gains.
The S&P/TSX Composite Index has edged up 27.13 points or 0.23% to move at 11,606.79. Earlier, the index crossed above 11,730
Mining stocks are up 1%. First Quantum (FM.TO) has rallied 6% after the company reached a deal to acquire Kiwara in a cash and stock deal with GBP 43.68.
Energy stocks have gained 0.6%. Husky Energy (HSE.TO) has added 0.2% after the company announced the discovery of additional oil resources in the White Rose area.
In other corporate news, Silver Wheaton (SLW.TO) has gained 1.7% after the stock was upgraded to Outperform from Sector perform.
Bank of Montreal (BMO.TO) has edged up 0.1% with its quarterly earnings report expected on Tuesday.
Bankrupt Canadian network solutions company Nortel Networks announced that Ciena has acquired its Global Optical Networking And Carrier Ethernet Businesses for US$769 million in cash and debt.
On the economic front, Canadian retail sales rose 1.0% in September to $34.9 billion, the seventh increase in nine months. Economists predicted sales to rise 0.4% after a revised 0.65% gain in August.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.