By Adriano Marchese
Canadian stocks continued their decline midday Thursday, with the S&P/TSX Composite Index falling by 164.71 points. In the session, most sectors were lower, led by commercial services, utilities and industrial services, while energy and technology led the few gainers. Northstar Clean Technologies Inc. shares climbed after the company said it signed an agreement to sell all of its liquid asphalt production to McAsphalt Industries Ltd. from one of its planned facilities.
At midday, Canada's S&P/TSX Composite Index was down 0.8% at 19082.39 and the blue-chip S&P/TSX 60 was 0.8% lower at 1153.02.
Northstar Clean Technologies shares were 34% higher at C$0.26 after the company announced its latest agreement to deliver all its liquid asphalt production supplied by the planned scale-up asphalt shingle reprocessing facility in Calgary, Alberta.
Other market movers:
Richelieu Hardware Ltd. reported a 19% rise in profit in the third quarter as sales beat expectations, and said it has plans to expand its operations further into the U.S. with acquisitions and operational expansion. Its shares fell 0.9% to C$38.76.
Brookfield Asset Management Inc. said it is joining forces with independent publisher Primary Wave Music in a $2 billion deal to invest in music copyrights. The shares were down 0.8% to C$58.62.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
10-06-22 1218ET
