Toronto Stocks Edge Down; NexGen Energy Advances on Permitting Milestone

Dow Jones11-20 01:20

By Adriano Marchese

Toronto stocks were slightly lower at midday on Tuesday after erasing some of their losses from earlier in the session.

Most sectors were in the red with the financial, health technology and the manufacturing sectors leading the decline. Technology was up the most, with smaller gains registered for materials and health services stocks.

The blue-chip S&P/TSX 60 and the S&P/TSX Composite Index both fell 0.2% to 1495.11 and 24934.27, respectively

Consumer prices in Canada bounced back in October, up 0.4% from the prior month, and advanced 2.0% year-over-year, a sign of some volatility in inflation's steady deceleration.

NexGen Energy shares were up 6.3% to 11.81 Canadian dollars ($8.43) after the company said it passed a federal technical review, a key requirement and step forward in getting its Saskatchewan uranium project approved.

Other market movers:

Dye & Durham's stock rose 13% to C$17.96 after the company said it accepted the board nominations of activist investor Engine Capital.

Shares of George Weston declined 2% to C$217.73 after it reported third-quarter revenue that missed analysts' forecasts, and profit fell due to a negative fair value adjustment.

TC Energy outlined initiatives that it said will tap into the growing demand for natural gas and support above average adjusted earnings growth. Shares lost 0.9% to C$69.28.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

November 19, 2024 12:20 ET (17:20 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Technology was up the most, with smaller gains registered for materials and health services stocks. \n\n\n  The blue-chip S&P/TSX 60 and the S&P/TSX Composite Index both fell 0.2% to 1495.11 and 24934.27, respectively \n\n\n  Consumer prices in Canada bounced back in October, up 0.4% from the prior month, and advanced 2.0% year-over-year, a sign of some volatility in inflation's steady deceleration. \n\n\n  NexGen Energy shares were up 6.3% to 11.81 Canadian dollars ($8.43) after the company said it passed a federal technical review, a key requirement and step forward in getting its Saskatchewan uranium project approved. \n\n\n \n\n\n  Other market movers: \n\n\n  Dye & Durham's stock rose 13% to C$17.96 after the company said it accepted the board nominations of activist investor Engine Capital. \n\n\n  Shares of George Weston declined 2% to C$217.73 after it reported third-quarter revenue that missed analysts' forecasts, and profit fell due to a negative fair value adjustment. \n\n\nTC Energy outlined initiatives that it said will tap into the growing demand for natural gas and support above average adjusted earnings growth. 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