Toronto Stocks Edge Higher; Cineplex Shares Rises on Writers, Studio Tentative Deal in Hollywood

By Adriano Marchese

Stocks in Toronto were slightly higher midday on Monday after spending most of the morning in red territory. In the session, consumer durables, finance and commercial services were the main laggards, offset by gains primarily in energy, process industries and industrial services.

Canada's S&P/TSX Composite Index 0.23% to 19824.61. The blue-chip S&P/TSX 60 was 0.26% higher at 1188.92.

Cineplex shares were 2.5% higher at 8.75 Canadian dollars ($6.49) after the Writers Guild of America said that it came to a tentative agreement with the Alliance of Motion Picture and Television Producers, likely ending a nearly 150 day strike and the risk of fewer releases in the new year.

Other market movers:

Shares of AutoCanada were 1.2% higher at C$24.13 after it said that it has appointed Brian Feldman to the position of chief operating officer.

Write to Adriano Marchese at [e-mail]

(END) Dow Jones Newswires

09-25-23 1220ET