By Adriano Marchese


Toronto stocks pulled back, but Canadian equities are still on track for a 1.9% increase in the week that Donald Trump won the U.S. presidential election.

Most sectors were trending higher Friday. But notable sectors were the commodities, energy and to a lesser extent industrial services, which were the main decliners. On the gainers' side, health tech, consumer durables and commercial services rose the most.

On the broader economic front, unemployment in Canada held steady in October amid lackluster hiring and a drop in part-time jobs. Canadian employers added 14,500 jobs, more than 12,000 fewer than the month before.

At midday, Canada's S&P/TSX Composite Index fell by 0.5% to 24713.01 and the blue-chip S&P/TSX 60 declined by 0.5% to 1479.18.

Telus shares rose by 3.6% to 21.77 Canadian dollars ($15.71) after the company reported better-than-expected results in the third quarter, bucking the trend of a struggling telecom sector in Canada.


Other market movers:


Shares of Canopy Growth fell 6% to C$5.92 because of a decline in Canadian adult-use cannabis. The drop weighed heavily on the company's revenue in the second fiscal quarter, continuing the industry-wide collapse in cannabis stocks that began earlier in the week.

Mattr shares rose 14% to after it said it has agreed to acquire AmerCable for $280 million as it looks to expand its engineered wire and cable capabilities in the U.S. market.

Docebo raised its full-year targets after better-than-expected revenue as its customer wins continue to grow, expanding its subscription base. Shares rose 2.5% to C$72.66.

High Liner Foods reported higher profit in the third quarter thanks to lower costs and expenses that offset a decline in sales. Shares rose 2.6% to C$13.53.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

11-08-24 1230ET