By Adriano Marchese
Stocks in Toronto were sharply higher midday Friday, in step with global markets, with all Canadian sectors higher led by health technology and energy. Shares in Bausch Health Cos. rose after the company said Chairman Joseph Papa resigned from the board of directors, effective immediately.
Canada's S&P/TSX Composite Index was up 1.8% at 19060.14 and the blue-chip S&P/TSX 60 rose by 1.7% to 1158.49.
Bausch Health shares were 17% higher at C$11.05 after it said after markets closed Thursday that John Paulson was appointed to the board to fill the vacancy and will serve as chairman.
Other market movers:
Shares in Argonaut Gold Inc. fell 7.9% to C$0.53 after the company said it is seeking an exemption from shareholder approval to raise 195 million Canadian dollars, or US$150 million, by way of a marketed offering of its shares that could lead to its delisting from the Toronto Stock Exchange.
Write to Adriano Marchese at email@example.com
(END) Dow Jones Newswires