By Dave Sebastian
Toronto stocks traded higher Tuesday afternoon, with energy, healthcare and financial sectors rising in the session.
Canada's S&P/TSX Composite Index rose 0.7% to 20193.1. The blue-chip S&P/TSX 60 was up 0.75% at 1212.92.
Apollo Global Management Inc. and Brookfield Asset Management Inc. are among several companies that made first-round bids for a potential multibillion-dollar stake in Saudi Aramco's natural-gas pipeline network, Bloomberg reported, citing people familiar with the matter. Brookfield Asset Management shares rose about 1% to C$68.42.
Statistics Canada on Tuesday said Canada posted a goods-trade surplus of C$1.94 billion in August. Market expectations were for a C$430 million surplus, according to economists at Desjardins Securities. That means that for the third straight month, Canada posted a merchandise trade surplus with the rest of the world, aided by strong sales of energy products.
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(END) Dow Jones Newswires