The TSX composite was higher, rising 20.00 points to 12,129.89 in mid-morning trading on Thursday. The Dow was up 42.62 to 15,037.85, while NASDAQ climbed 7.70 to 3,408.14.
Mining giant Rio Tinto PLC (NYSE: RIO) has agreed to sell its Eagle project to Lundin Mining Corp. (TSX: T.LUN, Stock Forum) for $325 million in cash. Lundin rose 6% to $4.22 in mid-morning trading.
In the U.S., Commerce Department figures showed retail sales in the U.S. rose 0.6% last month, the biggest increase in three months.
The World Bank said in a report the global economy will expand 2.2% this year, less than a January forecast for 2.4% growth and slower than last year’s 2.3%.
The price of gold dropped US$10.94 to US$1,378.11 an ounce, while silver slipped US$0.09 to U$21.70 an ounce.