Quadra FNX Mining (TSX:QUX) and First Quantum Minerals (TSX:FM) led a weak rally on the Toronto Stock Exchange Monday, while Canadian oilsands stocks ticked lower on news of wildfires in northern Alberta. Canadian Press reports:
The Toronto stock market closed little changed Monday as investors attempting a rally following a string of losses in recent days gave in to further worries that recent strength in commodity prices is on the wane.
The resource-heavy S&P/TSX composite index came down from a 142-point surge to close up 14.19 points to 13,391.35, while the TSX Venture Exchange slipped 41.95 points to 1,996.27. The Canadian dollar was lower against the greenback, down 0.59 of a cent to 102.65 cents US.