Consistent advances in crude oil and metals prices helped the Canadian stock market start the new week on a positive note, even though investors turned cautious before the release of the U.S. inflation data. The S&P/TSX Composite Index rose by 88 points, or 0.4%, on Monday to settle at 22,399, posting its third consecutive winning day.
Although most market sectors, including technology, healthcare, and real estate, experienced weakness, robust intraday gains in metal mining and energy stocks lifted the TSX benchmark.
Top TSX Composite movers and active stocks
Osisko Mining (TSX:OSK) skyrocketed by around 63% to $4.79 per share, making it the day’s top-performing TSX stock. This rally in OSK stock followed the announcement of its acquisition by the South African mining giant Gold Fields.
According to the agreement, Gold Fields will acquire Osisko in an all-cash deal valued at $2.16 billion, offering $4.90 per share, a 55% premium…
