In midday trading on Friday, Canadian stocks remained flat. The S&P/TSX Composite Index is expected to gain approximately 0.85% for the week. Different sectors displayed mixed performance, with consumer discretionary, tech services, and consumer durables seeing gains, while losses were mainly observed in energy, health tech, and investment trusts.
At midday, Canada's S&P/TSX Composite Index slightly decreased by 0.01% to reach 21099.73, while the blue-chip S&P/TSX 60 remained unchanged at 1271.66.
Hut 8 Shares Rise After Executive Resignation
Hut 8, a Canadian company, witnessed its shares rise by 11% to 11.10 Canadian dollars ($8.28). The increase followed the announcement that Matt Prusak, the chief commercial officer, would be leaving his current position to become the chief executive of a new bitcoin-mining company called Celsius Bitcoin.
Questerre Energy Sees Share Price Surge
Questerre Energy experienced a significant rise in share price, increasing by nearly 52% to C$0.25. The surge came after a court ruling allowed the company to continue certain oil and gas development activities in Quebec, despite a law banning such operations.
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