Toronto stocks ended higher Friday, getting a boost from Teck Resources Ltd.’s equity sale to China Investment Corp.

The S&P/TSX composite index gained 42.10 point, or 0.41%, to finish at 10,288.01.

Trading volume on the TSX was light as U.S. markets were closed Friday in observance of the Independence Day holiday.

For the week, the benchmark index fell 1.8%.

Mining stocks were up as Teck Resources surged 8.1% to $19.99. The company announced that China Investment Corporation has agreed to purchase through a wholly-owned subsidiary 101.3 million Class B subordinate voting shares of Teck for $17.21 per share.

Energy shares retreated as oil prices fell for the sixth day in a row, losing US$1.10 to US$65.63 in electronic trading.

In Toronto, Suncor was down 0.9% to $32.87.

Financial stocks were generally higher, with Royal Bank of Canada up 1.1% and Bank of Nova Scotia up 0.4%.

The junior S&P/TSX Venture composite index edged up 0.38 of a point, or 0.03%, to 1,092.96.

The Canadian dollar rose 0.04 of a cent to close at US86.08¢.

IE