By Robb M. Stewart
Shares on Canada's main exchange recouped some of Friday's heavy sell-down, with finance and mining stocks leading broad gains.
In midday trading, the Toronto Stock Exchange's S&P/TSX Composite Index was 0.8% higher at 32189.35. The index slumped 3.3% on the last trading day of January as precious metals prices dropped sharply.
The blue-chip S&P/TSX 60 was ahead 1.1% at 1872.19.
Fairfax Financial helped drive the market higher, leading the gainers board with a rise of 1.2%. Each of the major banks was higher, led by a 2.5% gain for Canadian Imperial Bank of Commerce.
Moderating the advance, Eldorado Gold dropped 9% after it unveiled plans for a 3.8 billion Canadian dollars (US$2.79 billion) stock-and-cash takeover of smaller Foran Mining.
Other market movers:
Foran Mining fell 6.7% to C$6.15, though the shares remain up 64% over the last three months.
5N Plus rose 6.4% to C$25.62 after the semiconductor company said it plans to further expand its solar cell production capacity, tapping into the artificial intelligence boom and expected demand for future satellite programs and space missions.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
02-02-26 1223ET
