By Paul Vieira
Toronto stocks rose in midday trading on Tuesday powered by Anglo American's deal for Canadian miner Teck Resources and a broad gain in the energy sector as oil prices climbed after an Israeli strike in Qatar.
Canada's S&P/TSX Composite Index was 0.2% higher at 29085.59, and the blue-chip S&P/TSX 60 also rose by 0.2% to 1722.49.
Teck Resources shares gained 14% to 55.49 Canadian dollars ($40.20) on heavier-than-usual volume, after the Vancouver, British Columbia-based copper and zinc producer agreed to a merger with Anglo American. The transaction values Teck at more than $17 billion, or higher than Teck's closing price on Monday of C$48.50.
Energy stocks, such as Tourmaline Oil and Suncor Energy, were higher Tuesday, as crude oil future climbed after Israel carried out an attack on Hamas's senior leadership in Doha, Qatar. Analysts say commodity traders are focusing on geopolitical tensions and worrying less about the planned unwinding of more output cuts from the Organization of the Petroleum Exporting Countries Plus.
Other market movers:
Shares of BRP fell 5.4% to C$89.17 a after major shareholder in the company, Bain Capital, agreed to sell 1.5 million subordinated voting shares to BMO Capital Markets in a bought deal.
Orla Mining's stock declined 5.2% to C$15.15 after Agnico Eagles Mines sold its stake in the company. Agnico Eagles owned 11.3% of Orla's shares.
Write to Paul Vieira at paul.vieira@wsj.com
(END) Dow Jones Newswires
September 09, 2025 12:07 ET (16:07 GMT)
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