Stocks in Toronto experienced a slight decline in midday trading on Thursday after staying relatively flat throughout the morning. While some sectors in Canada saw declines, others recorded gains.
Mixed Performance Across Sectors
The tech and consumer durables sectors saw the largest declines, while the utilities, process industries, and transportation sectors experienced the biggest gains.
Market Index Figures
The S&P/TSX Composite Index in Canada is currently 0.16% lower at 18,916.91, and the blue-chip S&P/TSX 60 is down 0.20% at 1,136.80.
Waste Connections Faces Challenges
Waste Connections shares have dropped by 5.9% to 178.39 Canadian dollars ($129.29) after the company reported facing $15 million in unforeseen headwinds in the third quarter. They also expressed concerns that they may encounter additional challenges in the fourth quarter.
Other Significant Market Movements
- Canadian Utilities' shares have risen by 2.1% to C$29.43 as they reported an increase in third-quarter earnings despite lower revenue.
- Precision Drilling shares have decreased by 4.3% to C$79.48 due to a 36% drop in third-quarter profit. Revenue fell short of expectations due to reduced drilling and service activity during this period.
- Reconnaissance Energy Africa shares have increased by 4% to C$1.04 as they announced the sale of their operations in Mexico to privately owned Chame Energy for $7.5 million. They plan to focus their efforts on their operations in western Africa.
PREVIOUS POST
