Toronto Stocks Slide; CES Energy Solutions Up on Higher 4Q Profit, Dividend Hike

By Adriano Marchese

Toronto-listed stocks were down Wednesday at midday. Most sectors were declining, led by materials, consumer discretionary and tech services, which offset modest growth mainly in the energy, process industries and tech sectors.

Canada's S&P/TSX Composite Index fell 0.7% to 33050.06 and the blue-chip S&P/TSX 60 declined by 0.5% to 1915.03.

CES Energy Solutions shares rose 3.1% to 18.36 Canadian dollars ($13.52) after the company reported higher profit and revenue in the fourth quarter and said it would raise its dividend by nearly 30%.

Other market movers:

Rubellite Energy shares were down 0.7% to C$3.05 after the company said profit fell in the fourth quarter and set slightly lower production targets for 2026.

Royal Bank of Canada has acquired financial-technology firm Pinch Financial in an effort to bolster its digital mortgage qualification capabilities. Shares slipped 0.3% to C$224.04.

Write to Adriano Marchese at [e-mail]

(END) Dow Jones Newswires

03-11-26 1221ET