Canadian stocks started the new week on a positive note as a strong intraday recovery in crude oil and metals prices led to a strong rally in commodity-linked stocks. The S&P/TSX Composite Index advanced by 86 points, or 0.3%, on Monday to settle at 24,977.
While profit booking in many key sectors, including healthcare and technology, pressured the TSX benchmark, solid gains in mining and energy stocks helped offset the decline — keeping the broader index in positive territory.
Top TSX Composite movers and active stocks
Shares of Orla Mining (TSX:OLA) soared by around 8% to $5.99 per share, extending its year-to-date gains to 38.7%. This rally in OLA stock came after the Vancouver-based gold miner announced intentions to acquire Newmont’s Musselwhite Gold Mine in Ontario in a deal worth US$810 million.
Orla expects this move to more than double its annual gold production to over 300,000 ounces, with plans to increase to…
