CANADA STOCKS-TSX rises to four-week high in opening trade

Mon Apr 4, 2011 9:40am EDT
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TORONTO, April 4 (Reuters) - Toronto's main stock index opened higher on Monday, buoyed by rising commodity prices and a new wave of takeover bids.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE rose 15.30 points, or 0.11 percent, to 14,145.45, before extending gains to a four-week high of 14,226.65.

Equinox Minerals EQN.TO was one of the big advancers, rising more than 30 percent to C$7.44 after Minmetals Resources (1208.HK: Quote), China's biggest metals trading firm, offered C$6.3 billion to buy the company. [ID:nL3E7F30DI]

($1=$0.97 Canadian) (Reporting by Ka Yan Ng; editing by Peter Galloway)