May 4, 2024
Investment

Toronto Stocks Climb; AutoCanada Rises on iA Financial Investment


Published: Dec. 27, 2023 at 12:00 p.m. ET

By Adriano Marchese

Stocks in Toronto were solidly higher in the first trading day in the shortened week following Christmas Day and Boxing Day in Canada.

Nearly all sectors were driving the increase in the session, led primarily by health tech, process industries and materials. Consumer durables was the only laggard of the session.

Canada’s…

By Adriano Marchese

Stocks in Toronto were solidly higher in the first trading day in the shortened week following Christmas Day and Boxing Day in Canada.

Nearly all sectors were driving the increase in the session, led primarily by health tech, process industries and materials. Consumer durables was the only laggard of the session.

Canada’s S&P/TSX Composite Index was up 0.75%, to 21038.23, and the blue-chip S&P/TSX 60 rose by 0.77, to 1268.65.

AutoCanada shares were 8.5%, to 23.11 Canadian dollars (US$17.51), after the company said it has received C$25 million from iA Financial Group for a 10% stake in its online unit that will sell finance, insurance and warranty products to buyers of private owner-sold vehicles on Kijiji’s online marketplaces.

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



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *