Toronto Stocks Slip; Orla Mining Falls After Investor Reduces Stake

By Adriano Marchese

Toronto stocks were slightly lower, with most sectors in the red.

Commercial-services, tech and health-tech stocks logged the widest losses midday Friday. Process industries, energy and retail were the leaders among the few sectors in positive territory.

On the broader economic front, unemployment in Canada fell in November to the lowest level in more than a year after a third straight month of stronger-than-expected hiring. Statistics Canada reported that Canada's economy added a net 53,600 jobs last month.

At midday, Canada's S&P/TSX Composite Index fell 0.3%, to 31375.11, and the blue-chip S&P/TSX 60 declined by 0.3%, to 1844.46.

Orla Mining shares fell 9.8%, to 17.35 Canadian dollars (US$12.43), after investor Fairfax Financial Holdings sold C$441.1 million of its shares to rebalance its portfolio investment.

Other market movers:

Laurentian Bank of Canada reported lower profit and revenue in its fourth quarter. Shares were down 0.1%, at C$39.88.

Write to Adriano Marchese at [e-mail]

(END) Dow Jones Newswires

12-05-25 1223ET