WatchTSX Wall Street move higher as oil Canadian dollar fall

TORONTO — The Toronto stock market closed higher as both the mining and health-care sectors found strength from two high-profile deals — one made official and the other later denied by the company involved.The S&P/TSX composite index ended ahead 95.97 points at 14,908.39.Teck Resources Ltd. (TSX:TCK.B) shares jumped more than 14%, sending the mining and metals sector ahead amid a news report that the Vancouver-based company was in talks about a possible merger with Chilean copper miner Antofagasta. Teck later denied the report, saying it was not in talks with Antofagasta in relation to any form of transaction.Meanwhile, the lightly weighted health-care sector got a rare boost of seven per cent after U.S. health insurance company UnitedHealth Group agreed to buy TSX-traded Catamaran Corp. for more than US$12 billion.On Wall Street, the Dow Jones industrial average rose 263.65 points to 17,976.31, while the Nasdaq was up 56.22 points at 4,947.44. The S&P 500 index advanced 25.22 points to 2,086.24.The Canadian dollar was down 0.59 of a U.S. cent at 78.78 cents US. read more