By Adriano Marchese
Toronto-listed stocks on Friday at midday were a hair above Thursday's close, coming down from slightly higher earlier in the morning.
An advance estimate of Canadian wholesale trade indicates sales continued to recover in July, thanks largely to motor vehicles and parts. Most sectors were in positive territory, led by tech services, process industries and energy, offset by declines in materials, financials and health tech.
Canada's S&P/TSX Composite Index was up 0.09%, to 19793.29, and the blue-chip S&P/TSX 60 inched 0.03% higher, to 1184.42.
Shares of Edison Lithium were nearly 12% higher, at 14 Canadian cents (10 U.S. cents), after Globex Mining Enterprises said it would sell its assets in the Canadian province of Saskatchewan to Edison for cash and stock in the company.
Meanwhile, shares of Globex Mining Enterprises were down about 1.2% on the deal.
Other market movers:
Inovalis Real Estate Investment Trust appointed Stephane Amine to the role of president and chief executive officer. Amine is the manager of the REIT and the founder of the asset management company Inovalis SA. Shares are up 0.6%, to C$3.35.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
08-25-23 1221ET
