By Ketki Saxena
Investing.com -- The S&P/TSX Composite index, Canada's main stock index, opened higher today after yesterday's steep losses, led by gains in shares of utilities.
Wall Street meanwhile traded in the red, as investors await tomorrow's job report to provide further clarity on the employment market after ADP (NASDAQ:ADP) payrolls missed expectations.
Canadian Stock Market News
Suncor Energy (TSX:SU) announced that it will be acquiring French energy firm TotalEnergies (EPA:TTEF)' Canadian operations for $1.47 billion to bolster its bitumen production capacity. Shares in Suncor took on 45 cents, or 1%, to $44.23. The move enables Suncor to add 61,000 barrels per day of bitumen production capacity and 675 million barrels of 2P reserves.
First Quantum Minerals (TSX:FM) announced that it is open to revising four contentious points in its proposed contract with the Republic of Panama as the country seeks to regulate its operations.
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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
Statistics Canada reported that Canada's merchandise exports increased 5.7%, while imports rose 3.8%. As a result, Canada's merchandise trade balance posted a surplus of $718 million in August, compared to a deficit of $437 million in July.
For all Canadian economic releases, view our economic calendar.