Toronto Stocks Unchanged; CI Financial Shares Jump on Buyout Deal

Dow Jones01:02

By Adriano Marchese

Toronto-listed stocks were virtually flat in midday trading Monday.

Materials and energy stocks were the biggest drags in the session, offsetting gains primarily from manufacturing, finance and commercial services.

An advance estimate signaled a recovery in Canadian factory trade in October, rising 1.3% in the month led by a rebound in sales of petroleum and coal products as well as increased sales of transportation equipment.

Canada's S&P/TSX Composite Index was virtually flat, at 25435.33, and the blue-chip S&P/TSX 60 was also unchanged, at 1524.76.

CI Financial's shares advanced by 30%, to 31.26 Canadian dollars (US$22.36), after the asset and wealth manager agreed to be taken private by Mubadala Capital, the asset-management arm of Abu Dhabi's sovereign wealth fund, in a deal worth C$4.7 billion.

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

(END) Dow Jones Newswires

November 25, 2024 12:02 ET (17:02 GMT)

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

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Toronto-listed stocks were virtually flat in midday trading Monday. \n\n\n  Materials and energy stocks were the biggest drags in the session, offsetting gains primarily from...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BSNM7G36.USD","symbol_name":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2486037648","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486037648","pubTimestamp":1732554120,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of 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