Toronto Stocks Edge Higher on Gains by Miners

By Robb M. Stewart

Shares on Canada's main exchange rose modestly but enough to touch a record high on the continued buying of mining stocks as gold and other metals were buoyed following the capture of Venezuela's president.

Toronto Stock Exchange's S&P/TSX Composite Index was up almost 0.1% at 32248.99 in midday trading on Tuesday, down from a new all-time high of 32331.29 earlier in the day. The rise puts the index on track for a third straight advance in the new year, following a 1.1% gain Monday. The blue-chip S&P/TSX 60 was down less than 0.1% at 1886.04.

The advance by mining companies countered a broad decline led by a fall in finance and technology stocks.

Among the miners, Agnico Eagle was up 1.3%, Barrick Mining gained 2.9%, Hudbay Minerals rose 3.9% and Kinross Gold advanced 3.4%.

The major banks were mostly lower with Bank of Nova Scotia falling 1.2%. Bank of Montreal gained almost 0.1% after its chief executive said at an industry conference the lender expects to exit 2027 with its return on equity widening to its target of 15%.

Write to Robb M. Stewart at [e-mail]

(END) Dow Jones Newswires

01-06-26 1234ET