By Adriano Marchese
On Tuesday at midday, stocks in Canada have regained some of the heavy losses from the previous session's selloff, with the S&P/TSX Composite Index up 113.62 points mid-trading. On the equities front, GFL Environmental Inc. shares rose on news that the waste management company is looking to raise $250 million in a private offering of notes.
At midday, Canada's S&P/TSX Composite Index was up 0.58% to 20271.66 while the blue-chip S&P/TSX 60 rose 0.63% to 1212.80.
Shares in GFL Environmental Inc. were up 2.1% to C$46.69 after it said that it intends to raise $250 million by way of a private offering of senior notes primarily to repay outstanding debts.
Other market movers:
AcuityAds Holdings Inc. shares were up 1.8% to C$9.22 after the company said it appointed Tatiana Kresling as interim chief financial officer as it continues its search for a candidate to take on the role permanently.
Shares in Great Panther Mining Ltd. was up 1.8% at C$0.58 on news that it has entered into prepayment agreements with two lenders worth $25 million to increase its financial strength.
Teck Resources Ltd. shares were down 3.3% to C$29.68 after the company said it expects third-quarter production will be weighed down by a number of headwinds, leaving the company with figures either on the lower end of its previous guidance or recast lower altogether.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
09-21-21 1216ET
