By Adriano Marchese
Stocks in Toronto were higher Friday at midday, with most sectors pushing the indexes higher. Canada GDP inched forward by 0.1% in February, moderating slightly more than expected as natural resources and construction activity softened and wholesale and retail trade fell for the month. In the session, energy was the main gainer, followed by process industry stocks, while of the few posting losses, tech was the outsized laggard.
Canada's S&P/TSX Composite Index rose 0.57% to 20640.40 mid-trading, while the blue-chip S&P/TSX 60 climbed 0.52% to 1245.61.
Shares of TC Energy Corp. were up 1.9% at 56.15 Canadian dollars ($41.31) after it reported a better-than-expected profit in the first quarter, with net income rising to C$1.31 billion from C$358 million a year earlier, thanks to a strong U.S. natural gas pipeline segment.
Other market movers:
Cameco Corp. shares were 2.1% higher at C$36.98 after reporting better-than-expected profit in the first quarter, benefiting from higher demand as geopolitical tensions pushes more utility companies to look for more diversified sources of nuclear fuel.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
04-28-23 1216ET
