Toronto stocks edged up at open Tuesday amid buying in gold and energy stocks. The S&P/TSX Composite Index added 20.65 points or 0.15 percent to 14,143.76.
In the oil patch, Niko Resources (NKO.TO) rose over 4 percent. Imperial Oil (IMO.TO) and Cenovus Energy (CVE.TO) were up over 3 percent each.
Energy company TransAtlantic Petroleum (TNP.TO) gained nearly 2 percent after it said it has completed the acquisition of ownership interests in Direct Petroleum Bulgaria EOOD, Direct Petroleum Morocco, Inc. and Anschutz Morocco Corp, for 8.92 million common and C$2 million in cash.
The Global Gold Index added 0.75 percent. Silver Wheaton (SLW.TO) and Pan American Silver (PAA.TO) added around 5 percent each. Golden Minerals (AUM.TO) surged close to 6 percent.
In the IT space, OpenText Corp. (OTC.TO) edged up 0.25 percent after it said it has completed the acquisition of global business process management company Metastorm.
Meanwhile, base-metals stocks were struggling under selling pressure, with First Quantum Minerals (FM.TO) losing 5 percent. Inmet Mining (IMN.TO) and Ivanhoe Mines (IVN.TO) lost over 2 percent each.