By Adriano Marchese
Toronto stocks advanced Wednesday mid-trading thanks to a broad-based push by most sectors. Materials, tech and consumer-services stocks were the leaders of the session, while only energy, tech-services and communications stocks were in decline.
On the construction front, Canadian building permits rose by 4.5% in September, easing the continued weakness seen in construction plans in the quarter.
Canada's S&P/TSX Composite Index rose 1.1% to 30729.35 and the blue-chip S&P/TSX 60 increased by 1% to 1810.10.
Shares in the Canadian grocery giant Loblaw rose 2.7% to 58.08 Canadian dollars after the company reported a higher third-quarter profit thanks to a boost from increased shopper visits and larger purchases at checkout that helped drive sales.
Other market movers:
Baytex Energy shares rose 8.6% to C$4.06 after the company said it is exiting the U.S. with a deal to sell its southern Texas assets to an unnamed buyer for $2.31 billion in cash. The company said it plans to focus on its core Canadian operations.
Hudbay Minerals expects copper and gold production at the lower end of its 2025 target ranges following disruptions at its Canadian and Peruvian operations in the latest quarter.
Boyd Group Services shares rose 5.9% to C$224.30 after the company reported higher profit in the third quarter, backed by increased sales at its existing network of collision-repair centers and the addition of new locations.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
11-12-25 1236ET
