TSX Slightly Higher, Blackberry Makes Bet On Self-driving Cars

(RTTNews) - Canadian stocks inched higher Monday, led by strong gains in the telecom and health care sectors.

The S&P/TSX Composite Index was up 17.65 points, or 0.12 percent, to 15,269.85.

Crude oil futures were up amid expectations OPEC will follow through with supply cuts next year.

West Texas Intermediate oil for February delivery was up 11 cents, or 0.2%, at $53.06/bbl.

BlackBerry (BB.TO) will invest C$100 million ($75 million) in a new autonomous vehicle testing hub in Ottawa.

Concordia Healthcare (CXR.TO) shares surged on news the company has paid the first installment of its earn-out to Cinven, related to its October 2015 acquisition of Amdipharm Mercury Ltd.

ProMetic Life Sciences (PLI.TO) jumped after it initiated rolling submission of Biologics License Application for Plasminogen with the U.S. FDA.