Equity markets in Canada’s largest centre finished positive Monday, powered by energy and resource issues, as the battle for control of a U.S. railroad appears to be nearing an end.
The TSX Composite remained above water 33.35 points, to finish Monday at 20,666.41
The Canadian dollar picked up 0.15 cents to 79.01 cents U.S.
Eight Capital initiated coverage on Ballard Power Systems with a neutral rating and target price of $18.00.
Ballard shares gained 30 cents, or 1.6%, to $19.65.
Canadian Pacific Railway settled 10 cents to $86.81 after Kansas City Southern said it planned to accept the railroad operator’s $27.2-billion cash-and-stock acquisition offer over a $29.6-billion deal to sell itself to Canadian National Railway. For its part, CN shares dissolved $2.87, or 1.9%, to $147.87.
Crescent Point Energy leaped 57 cents, or 13.7%, to $4.89, and was the largest percentage gainer on the TSX after the oil producer raised … Read more