- Pure Industrial Real Estate Trust (>> Pure Industrial Real Estate Trust) jumped 20.4 percent to C$8.09, one cent below the all-cash offer a Blackstone Group (>> Blackstone Group LP) affiliate made for the Canadian REIT.
- The Toronto Stock Exchange's S&P/TSX composite index <.GSPTSE> closed up 1.59 points, or 0.01 percent, at 16,319.24.
- The energy group climbed 1.2 percent, as U.S. crude touched its highest since December 2014, supported by OPEC-led production cuts and expectations that U.S. crude inventories have dropped for an eighth week in a row.
- Shares of Encana Corp (>> Encana Corp) advanced 2.8 percent to C$17.01 after the company estimated fourth-quarter production from its core assets would top its own forecast.
- The materials group, which includes precious and base metals miners and fertilizer companies, lost 1.0 percent.
- Kinross Gold Corp (>> Kinross Gold Corporation) fell 3.9 percent to C$5.17 and Barrick Gold Corp (>> Barrick Gold Corp) was off 0.8 percent at C$18.14 as gold futures
- Nutrien Ltd
- Marijuana producers were also among the biggest gainers. Canopy Growth Co (>> Canopy Growth Corp) climbed 5.5 percent to C$42.07 and Aphria Inc (>> Aphria Inc) was up 4.1 percent at C$22.89.
- Six of the index's 10 main groups gained, although decliners outnumbered advancers by 1.3-to-1 overall.
(Reporting by Alastair Sharp and Fergal Smith; Editing by Susan Thomas and Alistair Bell)