Toronto Stocks Retreat; Gildan Activewear Shares Rise on 3Q Sales, Narrowed Outlook

By Adriano Marchese

Toronto stocks were on the back-foot in midday trading on Wednesday as most Canadian sectors retreated in the session. The main of few gainers were in tech, materials and energy stocks, offset by the main laggards in tech services, retail and health tech.

Canada's S&P/TSX Composite Index declined by 0.3% to 30325.03 and the blue-chip S&P/TSX 60 fell by 0.6% to 1784.84.

Gildan Activewear shares rose 0.9% to 86.11 Canadian dollars ($61.75) after it reported higher sales and narrowed expectations for the year on the back of weaker demand and tariff costs after third-quarter profit fell.

Other market movers:

ADF Group plans to double the order book of its recently acquired Groupe LAR over the next year and a half, tapping into infrastructure projects across Canada. Shares fell 2.6% to C$7.13.

Capital Power affirmed its target for underlying earnings growth this year after a rise in the latest quarter with a jump in revenue, and said it has begun a search for a successor to retiring finance chief Sandra Haskins. Shares fell 0.8% to C$70.06.

Write to Adriano Marchese at [e-mail]

(END) Dow Jones Newswires

10-29-25 1217ET