Toronto Stocks Inch Higher, BRP Shares Slide as Large Investor Reduces Stake
23 Enero 2024 - 11:46AM
Noticias Dow Jones
By Adriano Marchese
Stocks in Toronto were mildly higher before the Bank of Canada's
interest-rate decision.
Analysts largely expect the central bank to hold rates steady at
5% on Wednesday.
Most sectors were in positive territory on Tuesday, led by
materials, energy and process industries. Consumer durables, tech
and producer manufacturing were the main laggards.
Canada's S&P/TSX Composite Index rose by 0.21% to 20969.12,
and the blue-chip S&P/TSX 60 edged forward by 0.14% to
1264.01.
BRP shares were down by 5.6% to 88.99 Canadian dollars ($66.01)
after the company said that one of its large investors, Bain
Capital Integral Investors II, will sell a portion of its
holding.
Other market movers:
Shares in IAMGold were over 13% higher at C$3.52 after the miner
reported output last year came in at the top end of its target, and
the company flagged progress at a new project in Canada.
Nevada Sunrise Metals shares were 60% higher at C$0.08 after it
said estimates show the lithium deposits at its mine in Nevada were
larger than expected at 1.3 million metric tons, or 7.1 million
tons of lithium carbonate equivalent.
Chesswood Group's stock rose by 4.8% to C$8.30 per share after
it said it would launch a strategic review that will consider
options for the speciality-finance provider, including a potential
sale or wind down of portfolios.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
January 23, 2024 12:31 ET (17:31 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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