By Ketki Saxena
Investing.com — The Toronto Stock Exchange's TSX index rose in late afternoon trading, with the commodity heavy index gaining support from crude prices, as an allaying of regional banking fears and Friday’s stronger than expected US jobs report helped recession fears fade.
Wall Street meanwhile remained flat, as Tyson Foods (NYSE:TSN) and Catalent (NYSE:CTLT) shares tanked, and megacaps remained muted ahead of this week’s US CPI reading.
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Barrick Gold (NYSE:GOLD) Corp. CEO Mark Bristow noted the companies interest in more M&A opportunities, including exploring copper drilling opportunities in Chile and Argentina. Bristow noted that Barrick is not interested in bidding for the copper assets of Teck Resources (TSX:TECKa) Ltd, as the two the procurement of Teck assets would lack “Synergies” with Barrick’s. However, Bristow noted that Glencore’s proposal for Teck made a “lot of sense” as Glencore (LON:GLEN) could manage Teck’s debt. .
Enbridge Inc (TSX:ENB). announced that Patrick Murray will take over as its new Chief Financial Officer on July 1. Murray will take over from Vern Yu, who will become the new president and chief executive of AltaGas (TSX:ALA) Ltd. Yu will be taking over the AltaGas position from Randy Crawford, who announced his retirement at the end of last year, saying he would retire once a successor had been appointed.
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