By Adriano Marchese
Stocks in Toronto were trading lower on Wednesday, the first trading day of the shortened week following the Christmas and Boxing Day break. In the session, all sectors were pointing down, with health tech, process industries and producer manufacturing the outsized laggards. Galaxy Digital Holdings Ltd. shares fell after it said it would buy a bitcoin mining facility in Texas from Argo Blockchain for $65 million.
Canada's S&P/TSX Composite Index was down 0.90% at 19331.99 and the blue-chip S&P/TSX 60 fell by 0.88% to 1167.47.
Galaxy Digital Holdings Ltd. shares were 3.9% lower at C$3.41 after it said it would buy the Helios facility and its related operations, which it expects to use as its flagship mining operation. It also said that it will provide Argo with a $35 million loan.
Other market movers:
Franco-Nevada Corp. said that Minera Panama S.A. is in the process of responding to direction by Panama's Ministry of Commerce and Industries to prepare a plan to put the Cobre Panama mine into a care-and-maintenance mode. Shares were 0.6% higher at C$185.76.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
12-28-22 1219ET
