By Robb M. Stewart


Shares on Canada's main exchange retreated Wednesday, tracking weakness on Wall Street ahead of the financial results from market heavyweight Nvidia and after retailer Target posted weaker-than-expected results.

In midday trading, the Toronto Stock Exchange's S&P/TSX Composite Index was 0.3% lower at 24944.31. Technology and retail stocks led broad losses, offsetting gains by energy and mining shares.

The blue-chip S&P/TSX 60 was down 0.3% at 1494.25.

Among the biggest drags on the Toronto market, Constellation Software was down 0.2% at C$4,428 and discount retailer Dollarama was 2.7% lower at C$144.74.


Other market movers:

Metro slipped 0.4% to C$85.90 after the retailer reported a fall in fourth-quarter income despite a rise in comparable same-store food and pharmacy segment sales.

Endeavour Silver's pulled back sharply after the precious metals miner struck a deal for an equity raising, losing 9.1% by midday to trade at C$6/26.

Silvercorp Metals shares sank 20% to C$4.50 after it launched a offering of convertible debt to raise at least $130 million.

Solaris Resources' shares rallied 24% to C$4.20 after it has turned to former Glencore copper boss Matthew Rowlinson to lead the metals company and moved to spin-off certain non-core assets.

Eupraxia Pharmaceuticals' shares climbed 14% to C$5.25 after the clinical-stage biotechnology company reported positive data from Eosinophilic Esophagitis program that it said underscore its DiffuSphere platform technology for drug delivery.


Write to Robb M. Stewart at robb.stewart@wsj.com


(END) Dow Jones Newswires

11-20-24 1232ET