By Adriano Marchese
Toronto's indexes were firmly higher at midday Friday, the final day of the trading week. Most sectors were in the red, led by energy, manufacturing and tech, but these were offset by outsized gains primarily in materials stocks, consumer discretionary and finance.
On the economic front, Canadians have maintained their shopping trend even amid a sputtering economy and mounting job losses. Statistics Canada estimated sales rose 1.0% from the month before in August, retracing a 0.8% drop for retailers in July.
Canada's S&P/TSX Composite Index rose by 0.5% to 29597.15 and the blue-chip S&P/TSX 60 was 0.6% higher at 1753.30.
Orla Mining shares fell by 7% to 14.20 Canadian dollars ($10.29) after large minority investor Newmont sold off its stake in the company for $439 million, the second stake sale this month.
Other market movers:
Shares in Neo Performance Materials rose by 8.6% to C$18.31 after the company said it signed a preliminary agreement to extend its magnet supply partnership with Robert Bosch, a technology and services company.
Toromont Industries said it plans to start a share repurchase program to buy back up to 10% of its public float over the course of a one-year period. Shares rose 1.7% to C$152.40.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
09-19-25 1225ET
