TSX Ends Day Slightly Up, Having Spent Most of It In Negative Turf; boosted by Commodities, Dragged by Bks
The TSX ended the day ever so slightly ahead - having spent most of the session in negative territory - on higher commodity futures, including gold futures which were lower and a drag on the market earlier. Brent crude, copper, silver and gold futures all closed higher.
Bank stocks weighed on the market all day. Among the major banks, Royal Bank was down nearly 2%.
Bank of Montreal (BMO.TO), which lost 34 cents to $61.31, has reportedly held talks with Wilmington Trust Corp. about possibly buying the Delaware bank. Toronto-Dominion Bank (TD.TO), down 34 cents at $74.94, has reportedly also been approached. Bloomberg cited sources as saying Wilmington has told potential buyers it is aiming to reach a deal by the end of the month.
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