By Adriano Marchese
Toronto-listed stocks were mildly lower in midday trading Tuesday along with U.S. indexes. Among analysts, there is some concern inflation rates could switch course and begin to rise again in Canada after OPEC+ made a surprise cut in oil production, while Canadian oil producers forecast a return of $100-a-barrel, according to FactSet. In the Canadian markets, most sectors were trending lower, led by consumer durables, tech and manufacturing, while the few gainers in the session were in communications, utilities and materials.
At midday, Canada's S&P/TSX Composite Index was down 0.20% at 20238.64 while the blue-chip S&P/TSX 60 edged 0.10% lower at 1217.78.
Calibre Mining Corp. produced more gold in the first three months of 2023 than a year ago, reaching a company first-quarter record, while its estimated deposits continue to rise. Shares were 3.2% higher at 1.48 Canadian dollars ($1.10).
Other market movers:
Thomson Reuters Corp. plans to return roughly $2.2 billion to its shareholders from the money raised with the sale of shares in the parent of the London Stock Exchange. Shares were up 0.7% at C$177.06, down from a high of C$178.99 earlier in the morning.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
04-04-23 1218ET
