Toronto Stocks Edge Lower; Waste Management Shares Slide on Headwinds Ahead
26 Octobre 2023 - 6:28PM
Dow Jones News
By Adriano Marchese
Stocks in Toronto were slightly lower in midday trading Thursday
after hovering around flat most of the morning. Sector performance
in Canada was mixed, with the largest declines logged in the tech
and consumer durables sectors. The biggest gains were in utilities,
process industries and transportation.
Canada's S&P/TSX Composite Index were 0.16% lower at
18916.91, and the blue-chip S&P/TSX 60 was 0.20% lower at
1136.80.
Waste Connections shares were 5.9% lower at 178.39 Canadian
dollars ($129.29) after the company said it experienced $15 million
in unforeseen headwinds in the third quarter, and warned that it
may face more in the fourth quarter.
Other market movers:
Canadian Utilities' shares were 2.1% higher at C$29.43 after it
reported an increase in third-quarter earnings despite lower
revenue.
Shares in Precision Drilling were 4.3% lower at C$79.48 after
reporting a 36% drop in third-quarter profit, while revenue missed
expectation due to less drilling and service activity in the
period.
Reconnaissance Energy Africa shares were 4% higher at C$1.04
after it said it will sell its operations in Mexico to privately
owned Chame Energy for $7.5 million and double down on its
operations in western Africa.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
October 26, 2023 12:13 ET (16:13 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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