Toronto Stocks Retreat; Aritzia Shares Fall as Founder, Chair Sells C$200 Million Block of Shares

By Adriano Marchese

Toronto stocks were slightly lower Wednesday in midday trading. The consumer services sector was the main laggard, followed by tech and tech services. On the gainers' side, process industries, communications and energy were the leaders.

Canada's S&P/TSX Composite Index fell 0.3% to 32772.77 and the blue-chip S&P/TSX 60 fell by 0.5% to 1908.50.

Aritzia's stock fell 5.9% to 127.40 Canadian dollars ($91.71) after the fashion retailer said its founder and Executive Chair Brian Hill will sell a C$200 million block of shares in the company, though he will remain its largest shareholder after the transaction.

Other market movers:

West Fraser Timber shares rose 3.6% to C$94.74 after Raymond James analysts upgraded the lumber producer's stock, citing signs of a turnaround in lumber markets following a difficult 2025.

Canaccord Genuity acquired renewable-energy sector adviser Carbon Reduction Capital in an effort to bolster its capital markets advisory business. Shares fell 0.3% to C$11.22.

Write to Adriano Marchese at [e-mail]

(END) Dow Jones Newswires

01-14-26 1230ET