By Adriano Marchese
Toronto-listed stocks were slightly lower midday Friday, with the S&P/TSX Composite Index on track for a weekly decline following a selloff mid-week. Retail sales in Canada were reported down for the first time in three months in November, led by decreased spending on food and drink, according to Statistics Canada.
Canada's S&P/TSX Composite Index was down 0.09% at 20739.02 and the blue-chip S&P/TSX 60 was down 0.03% at 1252.46.
Tricon Residential shares were 28% higher at 14.88 Canadian dollars ($11.03) after agreeing to be acquired by Blackstone Real Estate Partners in a deal with an equity transaction value of $3.5 billion. In a joint statement, the companies said Blackstone Real Estate Partners, in conjunction with Blackstone Real Estate Income Trust, will acquire all outstanding common shares of Tricon for about C$15.17 a share.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
01-19-24 1220ET