By Adriano Marchese
Toronto stocks edged higher at midday on Monday, extending their run of record highs even as a majority of sectors posted declines.
Technology, process industries and retail lead the declines. Those losses were offset by strength in the commodity sector as mining stocks climbed after gold hit another record, helping to keep the broader market in positive territory.
Canada's S&P/TSX Composite Index rose 0.3% to 33232.89 and the blue-chip S&P/TSX 60 edged 0.1% higher to 1915.54.
Among the leaders in the session were Agnico Eagle ahead by 3.2% at 303.36 Canadian dollars (221.44), Barrick Mining was up 3.1% at C$72.13, and Kinross Gold rose 4.8% to C$53.23. Smaller miners saw even sharper gains, with Eldorado Gold advancing 8.7% to C$68.80, Aya Gold & Silver rising 8.1% to C$29.22, and Fortuna Mining up 5% to C$16.78.
Other market movers:
Allied Gold shares rose 4% to C$43.43 after the company said it agreed to be acquired by Hong Kong-based Zijin Gold International in a deal worth C$5.5 billion, or C$44.00 a share.
Franco-Nevada plans to name former Rio Tinto boss Tom Albanese chairman of the gold-focused company and increased its dividend by 16%. Shares rose 3.2% to C$361.95
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
01-26-26 1225ET
