22 January, 2005

Canada, Toronto: Toronto stocks finished the week on a positive note on January 14 on bargain-hunting after a dismal start to 2005, fortified by a sweetened offer to investors by brewery merger partners Molson Inc. and Adolph Coors Co. The Toronto Stock Exchange's S&P/TSX composite index gained 48.02 points, or 0.53 percent, to close at 9,057.16.

With a 1.35 percent rise, the group was the leading gainer on the strength of Molson, whose shares jumped C$1.29, or 3.56 percent, to C$37.50 after the brewer said late on Thursday it had raised the special dividend offer to shareholders in its merger deal with Coors. Molson was one of the most active issues on the index, with more than 10 million shares traded.

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