By Adriano Marchese
Toronto stocks were slightly higher Thursday mid-trading after spending most of the morning in negative territory. Most sectors had been in decline, led primarily by energy and tech services, followed by utilities. The tech sector was the biggest gainer of the session, helping to offset the day's downward trend, followed more distantly by health-tech and communications stocks.
Prices for products manufactured in Canada fell by 0.8% in April for the first month in the last seven as the local currency strengthened and energy prices fell.
At midday, Canada's S&P/TSX Composite Index was up 0.1% at 25864.10, while the blue-chip S&P/TSX 60 inched 0.2% higher to 1550.88.
Toronto-Dominion Bank shares rose by 3.4% to 92.97 Canadian dollars after the bank reported higher earnings in the second quarter thanks to an exit from its investment in Charles Schwab. The Canadian bank also said it continues to restructure its U.S. balance sheet to ensure it maintains a buffer to a cap imposed by regulators as it works to fix anti-money-laundering failings.
Other market movers:
Computer Modelling Group shares fell 15% to C$6.99 after the software company said continued macroeconomic challenges tempered growth in the final quarter and will likely persist into the current fiscal 2026 year.
Neo Performance Materials shares fell 4.9% to C$9.48 after the company said it won't pursue a sale of itself but instead will accelerate its current plans in a bid to tap heightened demand for rare-earth magnetics and other key materials.
Lightspeed Commerce logged a widened loss in its fourth fiscal quarter due to a non-cash impairment charge. Revenue in the period rose and the company said it expects growth to continue in the current quarter and full year. Shares fell 7% to C$13.88.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
05-22-25 1242ET
