The Standard & Poor's/TSX Composite Index rose 115.27, or 0.8 percent, to 14,312.08 in Toronto.
Inmet Mining Corp. (IMN CN): The owner of the Cayeli copper and zinc mine in Turkey said third-quarter profit rose to C$2.37 a share, more than the C$2.32 average analyst estimate in a Bloomberg survey. Inmet fell C$4.80, or 4.6 percent, to C$99.25.
Petro-Canada (PCA CN): Neil Camarta, senior vice president for oil sands at Petro-Canada, said the Alberta government's decision to raise energy royalties will hurt the profitability of oil sands, forcing the company to trim other costs associated with developing such projects. Petro-Canada shares fell 99 cents, or 1.8 percent, to C$52.88.
TimberWest Forest Corp. (TWF-U CN): The lumber manufacturer and owner of timberland lost 36 cents a share in the third quarter. Three analysts on average expected profit of 23 cents in a Bloomberg survey. TimberWest said a 13-week strike among British Columbia logging and wood-product workers, reduced demand in the U.S. and Japan and the stronger Canadian dollar hurt results. TimberWest shares fell 3 cents, or 0.2 percent, to C$14.78.
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