Toronto Stocks Slide, George Weston Falls on Lower 3Q Profit
By Adriano Marchese
Stocks in Toronto were slightly lower.
In Tuesday's session, most sectors were trending down, led by tech, producer manufacturing and utilities. Only materials and health tech were posting any gains.
Canada's S&P/TSX Composite Index was 0.42% lower at 20161.45 and the blue-chip S&P/TSX 60 fell by 0.42% to 1215.94.
Canada's consumer price index rose 3.1% in October from a year earlier, the lowest rate since June, according to Statistics Canada, following inflation of 3.8% in September.
Shares of George Weston fell by 3.7% to 158.50 Canadian dollars ($115.49) after the company reported a decline in profit in its third quarter because of an unfavorable fair-value adjustment on its properties, while revenue rose in the period.
Other market movers:
Karora Resources shares were 5.3% higher at C$4.43 after reporting increases in the size of the resources at its Australian gold mines.
TransAlta said it will invest about C$3.5 billion to add more capacity to its fleet by way of acquisition, construction or development, aiming for higher growth by the end of 2028. Shares were down 7.2% to C$10.73.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 21, 2023 12:29 ET (17:29 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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