By Adriano Marchese
Shares in Toronto were slightly lower midday Wednesday after ending higher on Tuesday. In the session, the highest losses were in tech, followed by distribution services and process industries. These were offset largely by gains in tech services, transportation and commercial services.
At midday, Canada's S&P/TSX Composite Index was 0.13% lower at 20931.29 and the blue-chip S&P/TSX 60 fell by 0.11% to 1262.49.
Finning International shares retreated by 9% to 36.16 Canadian dollars ($26.80) after the Canadian dealer for Caterpillar products reported lower fourth-quarter profit amid a steep foreign currency impact in Argentina.
Other market movers:
Heroux-Devtek shares were 9.7% higher at C$16.49 after it reported better-than-expected profit and revenue in its third quarter as the company adjusted its pricing and worked to stabilize its production systems.
Brookfield Asset Management shares were 1.4% lower at C$52.82 after reporting a decline in profit in its fourth quarter, while revenue rose slightly, in line with expectations.
ATS said volatility in its end-markets may weigh on in its order bookings. Shares were down 1.6% to C$57.98, moderating from lower lows earlier in the morning. to Adriano Marchese at adriano.marchese@wsj.com
https://news.google.com/rss/articles/CBMie2h0dHBzOi8vd3d3Lm1hcmtldHdhdGNoLmNvbS9zdG9yeS90b3JvbnRvLXN0b2Nrcy1lZGdlLWRvd24tZmlubmluZy1mYWxscy1hcy1hcmdlbnRpbmEtZm9yZXgtaGl0LWRyYWdzLW9uLTRxLXByb2ZpdC1kNjI5ZTY4ZNIBf2h0dHBzOi8vd3d3Lm1hcmtldHdhdGNoLmNvbS9hbXAvc3RvcnkvdG9yb250by1zdG9ja3MtZWRnZS1kb3duLWZpbm5pbmctZmFsbHMtYXMtYXJnZW50aW5hLWZvcmV4LWhpdC1kcmFncy1vbi00cS1wcm9maXQtZDYyOWU2OGQ?oc=5
2024-02-07 17:03:00Z
CBMie2h0dHBzOi8vd3d3Lm1hcmtldHdhdGNoLmNvbS9zdG9yeS90b3JvbnRvLXN0b2Nrcy1lZGdlLWRvd24tZmlubmluZy1mYWxscy1hcy1hcmdlbnRpbmEtZm9yZXgtaGl0LWRyYWdzLW9uLTRxLXByb2ZpdC1kNjI5ZTY4ZNIBf2h0dHBzOi8vd3d3Lm1hcmtldHdhdGNoLmNvbS9hbXAvc3RvcnkvdG9yb250by1zdG9ja3MtZWRnZS1kb3duLWZpbm5pbmctZmFsbHMtYXMtYXJnZW50aW5hLWZvcmV4LWhpdC1kcmFncy1vbi00cS1wcm9maXQtZDYyOWU2OGQ
Bagikan Berita Ini
0 Response to "Toronto Stocks Edge Down; Finning Falls as Argentina Forex Hit Drags on 4Q Profit - MarketWatch"
Post a Comment