Toronto Stocks Edge Higher; Cineplex Shares Rises on Writers, Studio Tentative Deal in Hollywood
By Adriano Marchese
Stocks in Toronto were slightly higher midday on Monday after spending most of the morning in red territory. In the session, consumer durables, finance and commercial services were the main laggards, offset by gains primarily in energy, process industries and industrial services.
Canada's S&P/TSX Composite Index 0.23% to 19824.61. The blue-chip S&P/TSX 60 was 0.26% higher at 1188.92.
Cineplex shares were 2.5% higher at 8.75 Canadian dollars ($6.49) after the Writers Guild of America said that it came to a tentative agreement with the Alliance of Motion Picture and Television Producers, likely ending a nearly 150 day strike and the risk of fewer releases in the new year.
Other market movers:
Shares of AutoCanada were 1.2% higher at C$24.13 after it said that it has appointed Brian Feldman to the position of chief operating officer.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
September 25, 2023 12:20 ET (16:20 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
How to Measure a Stock’s Uncertainty
-
How to Determine Whether a Stock Is Cheap, Expensive, or Fairly Valued
-
Why a Company’s Management and Capital Allocation Matter
-
How to Determine What a Stock Is Worth
-
How to Measure a Company’s Competitive Advantage
-
How to Think Like a Stock Analyst
-
How GLP-1 Drugs Like Ozempic Are Boosting Biopharma Stocks