© Reuters.
By Ketki Saxena
Investing.com — Canada’s main index, the S&P/TSX Composite climbed higher today, and was set for a weekly gain after a rough start to the shortened New Year’s trading week.
The commodity heavy Canadian index gained support from crude prices, which rose on escalating tensions in the Middle East.
Meanwhile, Wall Street indices traded on a mixed to positive note, after came in weaker than expected, following robust , and helping ease forward expectations for a Fed rate cut.
Toronto Stock Market News
First Quantum Minerals (TSX:) is reportedly in talks to sell a stake in its Zambian mines to China’s state-owned Jiangxi Copper Corp, which is already a top shareholder in First Quantum.
Brookfield Asset Management (TSX:) announced it will be acquiring American Tower’s telecom assets in India, in a deal valued at roughly US$2.5 billion.
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