By Adriano Marchese
Toronto-listed stocks were higher at midday on Monday as a broad-based advance across sectors pushed prices higher. Materials stocks were among the top gainers, followed by technology and energy. Health technology, process industries and retail stocks were the only decliners.
The S&P/TSX Composite Index rose by 0.7% to 25070.99 and the blue-chip S&P/TSX 60 advanced 0.5% to 1503.72.
Housing starts rose last month, but at a pace that remains well below what analysts say is required to meet market needs.
On the macroeconomic front, foreigners increased their exposure to Canadian securities in September. Investors purchased corporate bonds and equities worth 29.30 billion Canadian dollars, or the equivalent of $20.80 billion.
Shares of Orla Mining rose 8.5% to C$6.02 after the company said it will buy a gold mine in Ontario from Newmont for up to $850 million. Orla said that adding a second…
