The Toronto stock market registered a minor gain in what could be a quiet session with U.S. markets closed for the Thanksgiving holiday.
The S&P/TSX composite index rose 16.55 points to 13,378.61 while the Canadian dollar inched up 0.01 of a cent to 94.39 cents US.
A major gainer was Halifax-based DHX Media Ltd. (TSX:DHX). Its stock soared $1.18 or 28.3 per cent to $5.35 after it said it will pay about $170 million cash to buy several children’s specialty TV channels, including Family, under a proposed deal with Bell Media (TSX:BCE).
New York markets reopen Friday for a shortened session. And traders will be anxious to see if Americans came out in force starting Thursday night to kick off the start of the holiday shopping season.
On the commodity markets, the January crude contract was off three cents to US$92.27 on the New York Mercantile Exchange. Oil racked up a steep loss of $1.38 on Wednesday as U.S. oil inventories unexpectedly rose last week instead of declining.