Toronto stocks gain on financials, Teck deal

Tue Jul 29, 2008 4:05pm EDT
 
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TORONTO, July 29 (Reuters) - The Toronto Stock Exchange's main index closed higher on Tuesday as Teck Cominco's $14.1 billion deal to buy Fording Canadian Coal Trust and a gain in financials overshadowed a drop in energy and gold producers, which followed commodities lower.

The S&P/TSX composite index .GSPTSE unofficially closed up 42.08 points, or 0.32 percent, at 13,346.04. (Reporting by Leah Schnurr; Editing by Peter Galloway)