The S&P/TSX composite index was up 20.47 points to finish Tuesday at 15,619.21. The benchmark TSX has climbed nearly 15% this year.
The Canadian dollar was up
The companies said the cash-and-stock agreement would create the world's third-largest fast-food restaurant group, with roughly
Tim Hortons shares jumped 8.1% to
Shares of Suncor Energy settled 0.3% to
Barrick Gold leaped 1% to
Financials slipped slightly after two of
Bank of Montreal gained 0.4%, to
But Bank of Nova Scotia gave back 2% to
All but three of the 14 Toronto subgroups were higher, led by gold, up 1.8%, materials, better by 1.1%, and the metals and mining group, improving 0.8%.
The three laggards were financials, down 0.5%, utilities, down 0.2%, and industrials, off 0.1%.
U.S. stocks edged higher Tuesday, with the S&P 500 notching its first-ever finish above the milestone level of 2,000.
The Dow Jones Industrials improved 29.83 points to end Tuesday at 17,106.70
The S&P 500 gained 2.10 points to 2,000.02. The NASDAQ added 13.29 points to 4,570.64.
Best Buy Co. shares closed down 6.8% amid a sluggish outlook. The struggling retailer was the day's worst performer in the S&P 500.
Burger King Worldwide and Tim Hortons confirmed Tuesday that they plan to combine to create a new company in an
Burger King shares lost 4.3% after surging Monday, while Tim Hortons' U.S.-listed shares gained 8.5%.
Shares of Kite Pharma Inc. rose 17.7% after the biotech reported the majority of patients responded positively to its cancer-drug candidate.
Economically speaking, orders for U.S. durable goods skyrocketed a record 22.6% in July because of a surge in contracts for Boeing Co. aircraft, but bookings actually fell for most other industries, the
Meanwhile, an August reading on consumer confidence came in at 92.4, above forecasts for 88.5, and U.S. home prices rose 1% in June.
Prices for 10-year U.S. Treasuries moved down, raising yields back to Monday's 2.39%. Treasury prices and yields move in opposite directions.
Oil prices were up
Gold prices picked up
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OCTOBER 31, 2014
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