On Monday, the Toronto stock market saw a solid increase as a result of talks about a high-profile deal in the mining sector.
Stocks in mining and metals rose by four per cent due to speculation of merger between Teck Resources Ltd. (TSX:TCK.B) and Chilean copper miner Antofagasta.
Teck Resources shares closed 11 per cent higher but after markets closed, the company issued a statement denying the merger or any form of a transaction.
The S&P/TSX composite index ended ahead 95.97 points at 14,908.39 while Canadian dollar was down 0.59 of a U.S. cent at 78.78 cents. CJ
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
