The TSX composite rose 23.05 points to 12,758.17 in mid-morning trading on Friday. The Dow was up 21.06 to 15,017.54, while NASDAQ gained 19.76 to 3,794.10.
Peru's government has restarted talks with Bear Creek Mining Corp.
, Stock Forum
) over its stalled Santa Ana silver project and hopes work on the mine can resume, the mines minister said on Thursday. Bear Creek rose one cent to $2.41 in mid-morning trading.
Stocks were little changed as investors awaited developments in talks to end a partial government shutdown and raise the federal debt limit.
House Republicans prepared to meet at 10 a.m. in Washington to discuss a compromise to end the standoff. Speaker John Boehner has been telling his party that he won’t allow the U.S. to default on its debt, even if that requires Democratic votes, according to two Republican congressional aides.
The budget impasse has raised concern that lawmakers will be unable to make progress on a deal to increase the debt limit. The Treasury has said measures to avoid exceeding the $16.7 trillion cap will be exhausted by Oct. 17 and warned yesterday that a default could have catastrophic consequences that might last decades.
The price of gold gained US$4.72 to US$1,312.21 an ounce, while silver was unchanged at US$21.67 an ounce.