By Adriano Marchese
Toronto’s indexes were mildly higher midway through the session Tuesday. Most sectors were pushing the indexes higher, with materials, energy and manufacturing stocks leading the climb. Only tech-services, communications and consumer-services stocks showed any notable losses.
On the economic front, an advance estimate shows Canadian factory trade in August fell by 1.5%, led by a fall in sales of petroleum and coal products as well as primary metals.
Canada’s S&P/TSX Composite Index edged 0.3% higher to 23958.22. The blue-chip S&P/TSX 60 rose by 0.2% to 1436.13.
Cineplex shares were down 3.3% to 10.59 ($7.82) after regulators ordered the Canadian movie theater chain to pay a fine of C$39 million for adding extra fees onto online and mobile ticket purchases, a deceptive practice called drip pricing.
Other market movers:
Denison Mines shares rose 1.9% to C$2.42 after it said it struck a deal that could see it sell a majority stake in 10 uranium exploration properties in Saskatchewan’s Athabasca Basin to Foremost Lithium Resource & Technology for up to C$30 million.
Dye & Durham said Tuesday that it intends to make an early repayment of C$20.3 million towards its senior secured loan in the coming days amid recent calls to curb spending. Shares rose 0.8% to C$15.92.
Canadian Imperial Bank of Commerce has been hit with more than $40 million in penalties from U.S. authorities for record-keeping failings. Shares were virtually flat at C$83.13.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
09-24-24 1222ET