Toronto Stocks Flat; Thomson Reuters Rises After CoCounsel Platform User Base Hits 1M

Dow Jones02-25 01:20

By Adriano Marchese

Stocks trading in Toronto were hovering around flat after the Bank of Nova Scotia became the first of Canada's biggest banks to report its quarterly results and Thomson Reuters's CoCounsel platform reached a user milestone.

Most sectors were pushing higher midday Tuesday, with tech, tech services and materials stocks rising. These gains were offset largely by declines in health-services stocks, and more distantly in retail and communications.

Canada's S&P/TSX Composite Index was flat, at 33788.73, and the blue-chip S&P/TSX 60 fell by 0.1%, to 1948.66.

Thomson Reuters shares rose 12%, to 124.50 Canadian dollars (US$90.89), after the company said its legal-and-compliance platform, CoCounsel, has surpassed 1 million professional users. The news comes amid broader market fears about artificial intelligence and the implication on software stocks.

Other market movers:

The Bank of Nova Scotia reported higher earnings in the first quarter of its fiscal year as its global wealth-management business helped drive growth across its operations. Shares fell 1%, to C$102.96 Canadian dollars.

Shares of Ero Copper climbed 8.3%, to C$46.21, after the Canadian miner hit an important milestone in its efforts to develop another big copper mine in Brazil, with the first preliminary economic assessment for the Vale-owned Furnas project.

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

(END) Dow Jones Newswires

February 24, 2026 12:20 ET (17:20 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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These gains were offset largely by declines in health-services stocks, and more distantly in retail and communications. \n\n\n  Canada's S&P/TSX Composite Index was flat, at 33788.73, and the blue-chip S&P/TSX 60 fell by 0.1%, to 1948.66. \n\n\n  Thomson Reuters shares rose 12%, to 124.50 Canadian dollars (US$90.89), after the company said its legal-and-compliance platform, CoCounsel, has surpassed 1 million professional users. The news comes amid broader market fears about artificial intelligence and the implication on software stocks. \n\n\n \n\n\n  Other market movers: \n\n\n  The Bank of Nova Scotia reported higher earnings in the first quarter of its fiscal year as its global wealth-management business helped drive growth across its operations. 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