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TSX Up Nearly 100 Points On Widespread Gains Canadian stocks rose sharply in early dealing Wednesday, adding to yesterday's modest gains amid broad-based buying interest. The S&P/TSX Composite Index was up 95 points, or 0.70 percent, at 14,028.16. Resource stocks provided a good deal of support, while health care stocks were notably stronger. On the New York Mercantile Exchange, May crude fell 9 cents, or 0.1 percent to $104.70 a barrel. However, energy stocks were up 0.8 percent, led by Suncor. Shares of Inmet Mining Corp. and Lundin Mining Corp. were higher after the companies announced that they terminated the January 12 arrangement agreement between them. Lundin was up 6 percent on heavy volume, while Inmet rose 2.4 percent. Canadian drugmaker Valeant Pharmaceuticals International, Inc. said that it has offered to buy U.S.-based drugmaker Cephalon, Inc. for $73 per share in cash, or about $5.7 billion. Valeant's hostile offer represents a 24.25% premium to Frazer, Pennsylvania-based Cephalon's Tuesday closing stock price and a 29% premium to the company's 30-day trading average. Valeant stock was up 11 percent. AGF Management Ltd. reported net income slipped to C$27.7 million or C$0.30 per share for the first quarter versus C$30.6 million or C$0.34 per share a year ago. Revenues were up more than 4 percent. The stocks was up 1 percent this morning. Pizza Pizza Royalty Income Fund reported a fourth-quarter profit of $5.2 million, little changed from the same period last year. Sales rose marginally, and the stock was down 0.3 percent. Canadian industrial product and raw materials prices continued to rise in February, exceeding market expectations due in part to to higher petroleum and metal costs.