Toronto Shares Edge Increased; Corus Leisure Slides on 2Q Loss, Income Decline – thqaftqlm

Toronto Shares Edge Increased; Corus Leisure Slides on 2Q Loss, Income Decline

Printed: April 13, 2023 at 12:35 p.m. ET

By Adriano Marchese

Shares in Toronto superior in noon buying and selling on Thursday, with most sectors seeing features. Supplies and healthcare led the advance, whereas industrials, staples and utilities paced the declines.

Canada’s S&P/TSX Composite Index was up 0.27% at 20509.91 and the blue-chip S&P/TSX 60 rose 0.21% to 1233.83.

Corus…

By Adriano Marchese

Shares in Toronto superior in noon buying and selling on Thursday, with most sectors seeing features. Supplies and healthcare led the advance, whereas industrials, staples and utilities paced the declines.

Canada’s S&P/TSX Composite Index was up 0.27% at 20509.91 and the blue-chip S&P/TSX 60 rose 0.21% to 1233.83.

Corus Leisure Inc. shares have been down 3% at 1.63 Canadian {dollars} ($1.21) after reporting a loss for the second quarter of fiscal 2023. The Toronto-based, mass media firm noticed its income drop as a decline in promoting {dollars} weighed on efficiency. Corus additionally lower its dividend in favor of paying down debt.

Different market movers:

Teck Assets Ltd. shares rose 1.5% to C$58.66 after the corporate stated it’s going to look to hurry up the separation of its steelmaking enterprise, because the Swiss-based commodities firm Glencore PLC continues its bid to take over the corporate.

Foraco Worldwide S.A.’s shares gained after the corporate it secured a 111 million Australian-dollar ($74.3 million) contract to supply metals and mining big Rio Tinto with water drilling companies in Australia. The shares have been up 3.7% to C$1.95.

GreenPower Motor Co. climbed 18% to C$3.55 after they acquired a $15 million order for his or her electrical college buses from the state of West Virginia.

Hudbay Minerals Inc. stated it struck a roughly $439 million deal to purchase Copper Mountain Mining Corp., creating one among Canada’s largest copper miners with output of about 150,000 metric tons a yr from operations in North and South America. Shares of Hudbay have been up 2.9% to C$7.20 whereas Copper Mountain shares soared over 20% to C$2.72.

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

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