Canadian stocks opened to the upside Thursday as trading was quiet due to the Fourth of July holiday south of the border.
The TSX rose 45 points to 12,190, while the Venture exchange was little changed at 881.
Stock movers in Toronto included shares of
Angle Energy (
TSX: T.NGL), which gained 9% to $3.70 after the company said it may put itself up for sale.
As well,
TriOil Resources (
TSX: V.TOL,
Stock Forum) shares jumped 11% to 2.55 after the company said it has entered into exclusive negotiations with another party in which a potential acquisition of TriOil or all of its assets will
be discussed.
After Wednesday’s close, Egyptian President Mohammed Morsi was removed from office by the country's armed forces. Canadian-listed companies with operations in Egypt include
Centamin Egypt (
TSX: T.CEE) and
Sea Dragon Energy (
TSX: V.SDX). Centamin Egypt stock jumped 9% to 58 cents, while shares of Sea Dragon moved up 6% to 8.5 cents.
The European Central Bank Thursday said it will keep interest rates at record lows for an extended period and added that it could cut them further in the near future.
Gold prices eased $3.60 to US$1249, while the price of silver was off 19 cents to $19.60.