In Toronto, the S&P/TSX composite index was flat, gaining 2.88 points to 14,684.85 as financials and industrials stocks offset losses in the gold and materials sectors. Even major corporate news was unable to place the TSX on strong footing in positive territory. Fertilizer companies PotashCorp and Agrium Inc. confirmed they were in preliminary merger talks. Both companies’ stocks benefited from the news, with shares in PotashCorp gaining more than 11 per cent, or $2.40, to $23.30. Meanwhile, Scotiabank was the latest major bank to report strong earnings results.

Source: thestar August 30, 2016 16:50 UTC