By Adriano Marchese

Toronto stocks bounced back Wednesday mid-trading after the S&P/TSX Composite Index fell 2.3% on Tuesday. Most sectors were trending higher, led primarily by tech, and followed more distantly by tech services and transportation. Only commercial services posted losses in the session.

At midday, Canada's S&P/TSX Composite Index was 1.04% higher at 20798.24 and the blue-chip S&P/TSX 60 rose by 1.02% to 1254.72.

CAE shares were sharply lower after the company reported a decline in profit due to higher restructuring and acquisition costs in its third quarter, while revenue came in line with expectations. The company also signaled that there will be pressure in its Defense segment into 2026 as legacy contracts are completed.

Other market movers:

Centerra Gold's shares were 6.2% higher at C$6.52 after the Canadian gold miner reported an increase in production this year and a deal to extend the life of its operation in western Canada.

Barrick Gold shares were 0.8% lower at C$19.02, coming down from highs earlier in the morning after the mining company announced it had launched a fresh share buyback program following a jump in profit for the final three months of last year.

A search for nine missing workers at SSR Mining's Copler operation in Turkey continued Wednesday following a landslide. Shares were down 1.3% to C$6.00.

Write to Adriano Marchese at

(END) Dow Jones Newswires

02-14-24 1217ET