Toronto Stocks Edge Higher, Cenovus Energy Rises on 4Q Profit, Oil Output

Dow Jones02-20
 

By Adriano Marchese

 

Toronto's indexes were slightly higher with a mixed performance among Canadian sectors.

Energy, industrial services and materials stocks were the main gainers in the session on Thursday, offset by losses primarily in health services, tech services and consumer discretionary stocks.

Canada's S&P/TSX Composite Index rose 0.3% to 33472.68 and the blue-chip S&P/TSX 60 rose 0.1% to 1940.05.

Canada's trade deficit narrowed in December as gold exports rebounded and shipments to non-U.S. markets hit a record, leaving the country with a 1.31  billion Canadian dollar ($955.1 million) merchandise trade gap, according to Statistics Canada.

Shares in Canadian energy company Cenovus Energy rose 2.8% to C$31.32 after it posted higher profit in the fourth quarter, thanks to higher oil output from its operations.

 

Other market movers:

 

Canadian Tire reported strong holiday sales at its SportChek and Mark's banners, lifting both adjusted profit and revenue. Shares were down 0.3% at C$184.14, paring from a high of C$196.46.

MTY Food Group reported higher fourth-quarter profit and revenue, offsetting weaker sales across its U.S. and international restaurant networks. Shares rose 2.5% to C$42.83.

MDA Space shares rose 2.4% to C$39.15 after it announced that it launched a new subsidiary called 49North focused on defense-oriented command and control systems and mission critical capabilities. The move expands the traditionally space-focused company into broader national security domains.

B2Gold shares fell 6.8% to C$6.84 after the mining company reported lower fourth-quarter gold sales and foreign exchange pressures that weighed on profit.

 

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

 

(END) Dow Jones Newswires

February 19, 2026 12:20 ET (17:20 GMT)

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