By Adriano Marchese
Stocks in Toronto were mildly lower Monday at midday, continuing last week's decline where the S&P/TSX Composite Index contracted by 0.4%. Investors are awaiting this week's macro indicators, with Canada's third-quarter current account numbers set to be released Wednesday, and the quarter's GDP performance on Thursday.
Most sectors were in the red mid-trading, led by consumer durables, process industries and energy. On the gainer's side there were tech services, health services and materials stocks.
Canada's S&P/TSX Composite Index was 0.34% lower at 20035.00 and the blue-chip S&P/TSX 60 fell by 0.39% to 1206.74.
Shopify shares trading in Toronto rose 3.9% to 100.02 Canadian dollars ($73.34) after the company said it saw strong growth in sales during the key Black Friday period.
Other market movers:
Lion Electric shares were 2.6% higher at C$2.33 after it said it is cutting about one-tenth of its workforce, roughly 150 jobs, in Canada and the U.S. as it looks to find savings and improve its profitability.
Cronos Group shares slipped 1.4% lower to C$2.73 after it said it has agreed to sell its Peace Naturals Campus in Ontario for C$23 million to vertical farming company Future Farmco Canada after months of deliberation.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
11-27-23 1216ET
