By Adriano Marchese
Toronto stocks were higher in midday trading on Thursday, with most sectors showing gains.
Shares of transportation, tech services and producer manufacturing companies led the market higher. Consumer discretionary, tech and health tech stocks were the main decliners.
Canada's S&P/TSX Composite Index rose 0.5% to 34290.61, and the blue-chip S&P/TSX 60 rose 0.4% to 1976.33.
Banks continued to post results with Toronto-Dominion Bank and Royal Bank of Canada reporting earnings.
Toronto-Dominion Bank's stock rose by 0.9% to 134.20 Canadian dollars, equivalent to $98.13, after logging higher first-quarter earnings. Revenue growth across its operations, including higher loan and deposit volumes in Canada, and strength in its wealth-management and markets-facing segments boosted results.
On the broader economic front, Canada's current-account deficit narrowed in the fourth quarter, capping a year in which the shortfall doubled amid trade tensions and commodity-price volatility.
Other market movers:
Royal Bank of Canada's shares slipped 1.8% to C$232.92 after reporting an elevated credit-loss provision, despite seeing growth in its wealth management, personal banking and capital markets operations.
Quebecor shares rose 0.5% to C$55.40 after it reported higher fourth-quarter results. The addition of more mobile users to its network helped boost revenue.
Gildan Activewear missed adjusted earnings per share and profit expectations in the fourth quarter. The company noted that it has found more synergies from its newly-acquired HanesBrands unit. Gildan also said it has put up HanesBrands' Australia unit up for sale. Shares decline 4.6% to C$93.03.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
02-26-26 1229ET
