By Adriano Marchese


Stocks in Toronto started the week higher Monday.

All sectors were in the green, helping push the S&P/TSX Composite Index up 137.73 points. Tech services was the main gainer, followed by consumer discretionary, commercial services and industrial services.

Shares of Canaccord Genuity Group Inc. shares jumped as a group of its company management made a bid for the company, giving it a value of 1.13 billion Canadian dollars ($840.5 million).

At midday, Canada's S&P/TSX Composite Index was up 0.69% at 19951.61. The blue-chip S&P/TSX 60 was up 0.64% to 1203.02.

Canaccord Genuity Group Inc. shares were nearly 29% higher at C$11.09 after the group, which is made up for a company indirectly owned by the president and chief executive, and a group of Canaccord officers and employees, offered C$11.25 a share.


Other market movers:


Tilray Brands Inc.'s Toronto-listed shares were 4% lower at C$3.80, recovering from a steeper decline in the morning. The company reported a loss and that revenue was lower than expected in its second quarter of fiscal 2023.

Primo Water Corp. expects to see higher revenue and earnings in 2023 and 2024. Shares inched forward 0.5% to C$15.96.


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


(END) Dow Jones Newswires

01-09-23 1223ET