TSX Nudges Higher, Led By Financials -- Canadian Commentary

(RTTNews) - Canadian stocks inched higher Monday, trimming losses from the previous session as

Toronto's main index was lower in early dealing but rallied into positive territory as crude oil prices snapped back from multi-month lows.

Financials also pushed higher.

The S&P/TSX Composite Index was up 43.10 points, or 0.30 percent, to 14,598.51.

Dec. WTI oil falls 9 cents, or 0.2%, to settle at $43.32/bbl, after dropping near $42 earlier in the day.

A stronger U.S. dollar also weighed on commodities. The greenback hit a yearly high versus major rivals.

Amaya (AYA.TO), the online gaming service, has received a $3.5 billion buyout from a group led by former CEO David Baazov. Shares surged up 15 percent.

Gildan Activewear Inc. (GIL, GIL.TO) has purchased struggling American Apparel for $66 million. American Apparel just filed for Chapter 11 bankruptcy protection. Gildan shares rose 5.1 percent.

Enerplus (ERF.TO) reported a third quarter loss per share of C$0.42.

Aecon Group Inc.(ARE.TO) said Terrance McKibbon is stepping down as president and CEO.

Maple Leaf Foods (MLI.TO) said Gregory Boland as resigned as Director.

NuVista Energy (NVA.TO) turned to profit in the third quarter.