Toronto Stocks Slip as Consumer Durables, Producer Manufactures Weigh

Canadian stocks were lower midday Tuesday as consumer durables and producer manufacturer stocks weighed on Canadian indexes, with Lithium Americas Corp. among those declining.

Canada's S&P/TSX Composite Index was down 0.4% to 20393.60. The blue-chip S&P/TSX 60 also fell 0.4% to 1227.28. The decline is due to medley of factors, including continued coronavirus concerns, regulatory crackdowns in China, as well as geopolitical tensions.

At midday, Lithium Americas Corp. led the losers with a decline of 10% to C$19.28.

Other market movers:

Pretium Resources Inc. rose 2.4% in the session to C$12.66.

In other news, Oxford Properties Group Inc. agreed to buy a portfolio of industrial property from KKR & Co. for $2.2 billion, suggesting the online-shopping boom continues to pique investor interest in warehouses and distribution facilities.

Write to Adriano Marchese at [e-mail]

(END) Dow Jones Newswires

08-17-21 1244ET