Toronto Stocks Falter, Dragged Down by Tech and Mining Shares

Dow Jones2024-12-28

By Robb M. Stewart

Shares on Canada's main exchange were lower Friday, though the market was on track for a modest gain in a holiday-shortened week.

In midday trading, the Toronto Stock Exchange's S&P/TSX Composite Index was 0.5% lower at 24716.33, as technology and mining stocks weighed. That has the index set for a gain this week of 0.5%.

The blue-chip S&P/TSX 60 was down 0.5% at 1482.45.

Constellation Software was among the biggest drags on the Toronto market, falling 1.1% to C$4,497.31.

Among mining stocks, B2Gold was 1.3% lower at C$3.54 and Hudbay Minerals lost 1.1% to C$11.74.

The major banks were mixed, with Bank of Montreal and Bank of Nova Scotia each up 0.5% but Canadian Imperial Bank of Commerce 0.8% weaker and National Bank of Canada down 0.5%. Scotiabank announced it completed a roughly $2 billion investment in KeyCorp, securing an almost 15% stake in the Ohio-based lender.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

December 27, 2024 12:20 ET (17:20 GMT)

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

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That has the index set for a gain this week of 0.5%. \n</p>\n<p>\n  The blue-chip S&amp;P/TSX 60 was down 0.5% at 1482.45. \n</p>\n<p>\n  Constellation Software was among the biggest drags on the Toronto market, falling 1.1% to C$4,497.31. \n</p>\n<p>\n  Among mining stocks, <a href=\"https://laohu8.com/S/BTG\">B2Gold</a> was 1.3% lower at C$3.54 and Hudbay Minerals lost 1.1% to C$11.74. \n</p>\n<p>\n  The major banks were mixed, with Bank of Montreal and Bank of Nova Scotia each up 0.5% but Canadian Imperial Bank of Commerce 0.8% weaker and National Bank of Canada down 0.5%. Scotiabank announced it completed a roughly $2 billion investment in <a href=\"https://laohu8.com/S/KEY\">KeyCorp</a>, securing an almost 15% stake in the Ohio-based lender. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Robb M. 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Stewart \n\n\n \n\n\n  Shares on Canada's main exchange were lower Friday, though the market was on track for a modest gain in a holiday-shortened week. \n\n\n  In midday trading, the Toronto Stock ...</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":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2494820333","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2494820333","pubTimestamp":1735320000,"columns":[],"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 media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares on Canada's main exchange were lower Friday, though the market was on track for a modest gain in a holiday-shortened week.In midday trading, the Toronto Stock Exchange's S&P/TSX Composite Index was 0.5% lower at 24716.33, as technology and mining stocks weighed. 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Stewart \n\n\n \n\n\n  Shares on Canada's main exchange were lower Friday, though the market was on track for a modest gain in a holiday-shortened week. \n\n\n  In midday trading, the Toronto Stock Exchange's S&P/TSX Composite Index was 0.5% lower at 24716.33, as technology and mining stocks weighed. That has the index set for a gain this week of 0.5%. \n\n\n  The blue-chip S&P/TSX 60 was down 0.5% at 1482.45. \n\n\n  Constellation Software was among the biggest drags on the Toronto market, falling 1.1% to C$4,497.31. \n\n\n  Among mining stocks, B2Gold was 1.3% lower at C$3.54 and Hudbay Minerals lost 1.1% to C$11.74. \n\n\n  The major banks were mixed, with Bank of Montreal and Bank of Nova Scotia each up 0.5% but Canadian Imperial Bank of Commerce 0.8% weaker and National Bank of Canada down 0.5%. Scotiabank announced it completed a roughly $2 billion investment in KeyCorp, securing an almost 15% stake in the Ohio-based lender. \n\n\n \n\n\n  Write to Robb M. 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