By Adriano Marchese


Stocks in Toronto were higher Friday, extending the gains from a more mild increase on Thursday.

Nearly all sectors were higher in the session. Producer manufacturing, materials and consumer durables led the charge.

Sleep Country Canada Holdings Inc. shares were higher after the company reported better profit and higher margins despite a fall in revenue in the fourth quarter.

At midday, Canada's S&P/TSX Composite Index was up 0.86% to 20512.32 and the blue-chip S&P/TSX 60 climbed 0.89% to 1234.22.

Sleep Country Canada Holdings Inc. shares were up 7.8% at 25.60 Canadian dollars ($18.83) after it said late Thursday that net income rose 53% to C$40.5 million in the quarter, from C$26.4 million a year earlier, thanks to a C$20.5 million adjustment to the Hush redemption liabilities to reflect a shift in achievement of the initial targets to beyond the redemption period.


Other market movers:


Shares in SNC-Lavalin Group Inc. were just above flat at C$29.10, climbing from a low of C$26.60 earlier in the morning, after the company reported a wider loss in the fourth quarter. It said it expects negative net cash in the first half of the year as its lump-sum turnkey projects continue to drain.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

03-03-23 1222ET