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.
For comments and feedback: editorial@rttnews.com