By Adriano Marchese
Toronto-listed stocks were higher Tuesday, with most sectors pushing the S&P/TSX Composite Index up 132.34 points.
Process industries was the main gainer of the session followed by electronic tech and energy, while health tech and consumer services were among the few to decline.
Imperial Oil Ltd. rose after reporting a rise in fourth-quarter profit while revenue growth missed analyst forecasts.
Canada's S&P/TSX Composite Index was up 0.65% to 20706.00 and the blue-chip S&P/TSX 60 rose by 0.63% to 1247.35.
Imperial Oil Ltd. shares were 2.3% higher at 72.30 Canadian dollars ($54.01) after it reported net income of C$1.73 billion, or C$2.86 a share, compared with C$813 million, or C$1.18 a share at this time in the prior year. Analysts expected C$2.57 a share. Revenue rose to C$14.45 billion from C$12.31 billion, but missed forecasts of C$17.55 billion.
Other market movers:
Canada Goose Holdings Inc.'s shares were 2.6% higher at C$31.69 after it announced the launch of a new trade-in platform for its used apparel.
General Motors Co. will invest $650 million in Lithium Americas Corp. and will develop a large lithium mine together in Nevada. Lithium Americas shares were down 2% on the news at C$4.66.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
01-31-23 1219ET
