Toronto Stocks Rise; Thomson Reuters Drops After Anthropic Unveils Competing AI Legal Tools

Dow Jones02-04 01:16
 

By Adriano Marchese

 

Toronto's indexes were higher Tuesday mid-trading thanks to a broad-based push from most Canadian sectors. At the top were materials stocks, followed by transportation and energy. Of the few decliners, tech services, commercial services and finance were the main laggards.

Canada's S&P/TSX Composite Index rose by 0.5% to 32341.95 and the blue-chip S&P/TSX 60 was nearly flat at 1870.12.

Thomson Reuters fell by 19% to 120.83 Canadian dollars ($88.32) after Anthropic, the company behind artificial intelligence platform Claude, revealed a new legal automation tool that could encroach on the company's core legal software platforms.

 

Other market movers:

Ivanhoe Mines shares rose by 7.4% to C$18.41 after the company said it was in talks to supply critical minerals to the Trump administration's proposed $12 billion stockpile from its mine in Congo.

Galaxy Digital shares fell in Toronto by 15% to C$30.81 after the company said a downturn in crypto prices took a bite into the value of its digital assets, dragging its fourth-quarter results to a loss.

AtkinsRealis' stock rose after JP Morgan said the company's nuclear segment is positioned to capture global demand for nuclear power, according analyst Tomohiko Sano. JP Morgan initiated coverage on the stock with a C$135 price target and overweight rating, sending shares up 5.9% to C$104.60.

 

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

 

(END) Dow Jones Newswires

February 03, 2026 12:16 ET (17:16 GMT)

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