By Adriano Marchese
Stocks in Toronto were higher in midday trading on Monday thanks to a broad-based upward push across most sectors.
The S&P/TSX Composite Index rose 0.9% to 32042.72, and the blue-chip S&P/TSX 60 rose 0.6% to 1875.40. Shares of materials, tech and distribution services companies led the session. The only losses were in the communications, process industries and consumer services sectors.
On the economic front, producer prices in Canada continued to rise, climbing 0.9%. The metric tracked by Statistics Canada is up for a sixth straight month in November thanks to higher energy prices.
Lithium Royalty shares rose after Altius Minerals agreed to acquire the company in a cash-and-stock deal worth around C$521 million. Shares of Altius declined 1.1% to C$39.84.
Other market movers:
Alamos Gold shares rose 5.1% to C$55.72 after the company said its plans to launch a share-repurchase program to buy back up to 5% of its public float during the course of a year.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
12-22-25 1230ET
