By Adriano Marchese
Toronto-listed stocks were moderately higher at midday Thursday. Most of Canada's sectors were pushing higher, led by energy, distribution services and tech. Meanwhile, health technology and commercial services posted the biggest declines in the session.
High Tide Inc. said it has secured a commitment for a 19 million-Canadian-dollar (US$14.7 million) loan with Connect First Credit Union Ltd. a process which has seen some delays since the two initiated discussions in mid-April.
Canada's S&P/TSX Composite Index was 0.47% higher at 20275.66 and the blue-chip S&P/TSX 60 rose by 0.44% to 1226.72.
High Tide Inc. said it has entered into a binding commitment letter with Connect First for the credit facility with an initial five-year term at the lender's floor interest rate. Shares were 1.6% higher at C$1.90.
Other market movers:
Shares in Canaccord Genuity Group Inc. rose by 2% to C$9.06 after it said it intends to buy back up to 5% of the company's public float in a one-year repurchase program.
Canadian Solar Inc. New York-listed shares rose by 20% to $47.21 after the company increased its outlook for the rest of the year following a strong second-quarter performance.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
08-18-22 1217ET
