IT, health-care up as well
The S&P/TSX composite index was up 60.30 points to greet noon at 15,595.85
The Canadian dollar was down
Tim Hortons and Burger King said late on Sunday the new company would be the world's third-largest quick service restaurant, and based in
Tim Hortons, which jumped 20%, hit a multi-year high and was the most actively traded stock on the exchange. The stock hit
The benchmark TSX is up more than 14% this year, making it one of the biggest gainers among its global peers.
Financials gained, with Royal Bank of Canada rising 0.4% to
Shares of energy companies climbed as Canadian Natural Resources advanced 0.6% to
All but four of the 14 Toronto subgroups were higher, led by consumer discretionaries, up 2.2%, while information technology and health-care issues gained 0.8% each.
The four laggards were felled mostly by gold, down 1.1%, while materials sagged 0.4%, and real-estate gave back 0.3%.
The S&P 500 popped to an intraday record above the milestone level of 2,000 on Monday, as U.S. stocks received a lift from merger news and advances by European markets.
The Dow Jones Industrials ballooned 92.19 points to pause midday at 17,093/41
The S&P 500 gained 9.60 points to 1,998, after reaching that magic 2,000 plateau. The NASDAQ added 13.58 points to 4,552.53
Shares of Burger King Worldwide Inc. jumped 15% after the company said it is in talks to buy Canadian coffee-and-doughnut chain Tim Hortons Inc. The deal would be set up as a so-called tax inversion, moving Burger King's tax base to
Shares of InterMune Inc. soared 36% after
Shares of Ann Inc. rose 6% after activist investor
Inspiration for Monday's gains came in part from stronger European markets, where the Stoxx Europe 600 gained on hints of more stimulus from
Prices for 10-year U.S. Treasuries gained a bit of strength, lowering yields to 2.39% from Friday's 2.40%. Treasury prices and yields move in opposite directions.
Oil prices were down
Gold prices dulled
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