By Adriano Marchese
Canadian stocks were higher mid-trading on Tuesday, with the S&P/TSX Composite Index rising by 107.46 points. In the session, the tech, producer manufacturing and process industries sectors were the main gainers while energy and materials were the only sectors lagging. Restaurant Brands International Inc. rose after reporting revenue that beat analyst expectations in the fourth quarter.
Canada's S&P/TSX Composite Index rose 0.50% to 21460.32 and the blue-chip S&P/TSX 60 rose 0.45% to 1300.77.
Restaurant Brands International Inc. shares rose 3.8% to C$75.41 after it said it benefited from strong performance from its Burger King and Tim Hortons brands, which reported systemwide sales growth of 14% and 15.4%, respectively, compared with contractions of 12.9% and 8.1% a year earlier.
Other market movers:
Shares in Neighbourly Pharmacy Inc. fell 7% to C$28.80 after it said that same-store sales growth fell to 2.2% from 5.5% in the third quarter, while acquisitions propped up revenue growth, which came in at C$139.2 million, up from C$109.4 million.
Foraco International S.A. shares rose 6.7% to C$2.22 after it announced that it has won a contract to supply drilling services to Rio Tinto Western Australia Iron Ore for $110 million.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
02-15-22 1211ET
