By Ketki Saxena
Investing.com -- Canada's main index, the S&P/TSX Composite climbed higher today, and was set for a weekly gain after a rough start to the shortened New Year’s trading week.
The commodity heavy Canadian index gained support from crude prices, which rose on escalating tensions in the Middle East.
Meanwhile, Wall Street indices traded on a mixed to positive note, after ISM non manufacturing data came in weaker than expected, following robust jobs data, and helping ease forward expectations for a Fed rate cut.
Toronto Stock Market News
First Quantum Minerals (TSX:FM) is reportedly in talks to sell a stake in its Zambian copper mines to China's state-owned Jiangxi Copper Corp, which is already a top shareholder in First Quantum.
Brookfield Asset Management (TSX:BAM) announced it will be acquiring American Tower’s telecom assets in India, in a deal valued at roughly US$2.5 billion.
For upcoming earnings, view our earnings calendar.
Toronto Stocks Moving Markets Today
Top Gainers on the TSX Today:
Top Losers on the TSX Today:
For all Canadian Stocks Moving Markets today, view our Canada Markets Page.
In Canadian Economics
The Canadian economy added only 100 jobs in December, as per data from Statistics Canada. Analysts had expected a gain of 13,500 jobs.
The unemployment rate meanwhile ticket higher to 5.9% in December from 5.8% in November.
For all Canadian economic releases, view our economic calendar.
All currencies Canadian Dollar unless noted otherwise.