By Adriano Marchese
Canadian stocks were lower in midday trading on Thursday. In the session, most sectors were trending lower, with tech and healthcare the outsized laggards. Energy was the only sector showing gains. Spin Master Corp. said Thursday that its share repurchase program to buy back up to 10% of its public float has been approved.
Canada's S&P/TSX Composite Index edged 0.64% lower to 19464.32 and then blue-chip S&P/TSX 60 fell by 0.62% to 1174.45.
Spin Master Corp. shares rose 2.6% to C$34.58 after it said the Toronto Stock Exchange approved its notice to launch a normal course issuer bid to repurchase 2.8 million subordinate voting shares over one year starting on Jan. 9.
Other market movers:
ATS Corp. said it has secured an order worth $81.3 million for automated battery assembly systems by a global automotive customer expanding its capacity in North America. Shares were up 0.7% to C$43.84.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
01-05-23 1214ET
