Canada’s main index edged up on Thursday, as investors assessed data that showed the domestic economy grew faster than expected, while gains in mining stocks buoyed sentiment further.
The TSX Composite gained 53.1 points mid-morning Thursday at 22,160.18.
The Canadian dollar grew 0.16 to 73.77 cents U.S.
On the merger news front, Australian gold miner Ramelius Resources said it had ended discussions with Karora Resources for a potential acquisition of the Canada-based mine operator. Karora stock jumped 23 cents, or 4.8%, to $5.07.
MAG Silver added 39 cents, or 2.9%, to $13.79, after brokerage Scotiabank upgraded the miner to “sector outperform” from “sector perform”.
On the economic board Thursday, Statistics Canada reports real gross domestic product rose 0.6% in January as both services-producing and goods-producing industries posted…
