Toronto Stocks Climb; SNC-Lavalin Higher on Quebec Bridge Project Contract Win
By Adriano Marchese
Toronto stocks were firmly in green territory Tuesday at midday, with all sectors pushing the indexes higher. At the top of the gainers list were Canadian tech stocks, followed by consumer durables and process industries.
Canada's S&P/TSX Composite Index rose by 0.6% to 21997.97 and the blue-chip S&P/TSX 60 rose by 0.5% to 1320.22.
Shares of SNC-Lavalin Group were 3.4% higher at 55.81 Canadian dollars ($40.74) after it said it was awarded a contract to support the development of the new Ile d'Orleans Bridge over the St. Lawrence River in Quebec.
Other market movers:
Silvercorp Metals shares were 3.7% higher at C$4.87 after it said it anticipates further production growth over the coming year, following a jump in gold and silver output in the last fiscal quarter.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 23, 2024 12:16 ET (16:16 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks