North American stocks opened to the upside Tuesday as two U.S. Federal Reserve officials said monetary stimulus would not end anytime soon.
The TSX rose 93 points to 11,929, while the Venture exchange added two points at 882.
Mining and gold stocks led the TSX`s advance Tuesday as all sectors were in positive territory.
Big movers on Bay Street included shares of
CML HealthCare (
TSX: T.CLC), which surged 47% to $10.60 after the company agreed to be acquired by LifeLabs Medical Laboratory Services for $10.75 per share in cash, or a total consideration of approximately $1.22 billion including the assumption of debt.
The Dow moved 89 points higher to 14,749, and the Nasdaq advanced 27 points to 3,347.
In U.S. economic news, the S&P/Case-Shiller index of home values rose 12.1% in April from a year earlier, the biggest increase in more than seven years.
Gold prices were flat at US$1,282, while the price of silver edged up two cents to $19.72.