Toronto Stocks Climb; SNC-Lavalin Higher on Quebec Bridge Project Contract Win

Dow Jones04-24

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 12:01 ET (16:01 GMT)

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