CANADA STOCKS-TSX little changed, buoyed by oil, M&A hopes

Mon Aug 23, 2010 10:55am EDT
 
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* TSX up 0.28 percent to 11,755.09

* Energy group rises as oil price firms

* End of Australian mining tax may be near after election

* Potash up 2.1 pct, among big deals in play this month

* Gold miners retreat, price of precious metal steady

By Ka Yan Ng

TORONTO, Aug 23 (Reuters) - Toronto's main stock index edged higher on Monday morning as oil prices firmed and investor sentiment rose on optimism for several big corporate merger deals.

Mining stocks also got a lift from speculation that Australia's inconclusive weekend elections could spell the end of a controversial mining tax. [ID:nAUVOTE]

Cameco (CCO.TO: Quote) was up 2 percent at C$27.22, while Teck Resources TCKb.TO rose 0.6 percent to C$34.55.   Continued...