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By Adriano Marchese
Stocks in Toronto were slightly higher Friday, with most Canadian sectors trending upward.
Utilities, consumer durables and producer manufacturing led the pack.
Meanwhile, materials and tech services were the main laggards.
Canada’s S&P/TSX Composite Index rose 0.43% to 20430.68 and the blue-chip S&P/TSX 60 was 0.51% higher at 1240.42.
Cannara Biotech Inc. shares rose after the company reported higher revenue and profit for its fiscal fourth quarter. Cannara Biotech shares were up 5.3% to 10 Canadian cents (8 U.S. cents) after reporting gross revenue of 11.9 million Canadian dollars ($8.9 million), up from C$6.3 million a year ago. Net income was C$2.5 million, up from C$1.1 million in the prior-year period.
Other market movers:
Bonterra Energy Corp. said it secured two new credit facilities totaling C$205 million, part of a debt restructuring plan that the company said will help increase funds flow and free funds flow in 2022 over the previous year. Shares were up 2.7% to C$7.98.
CT Real Estate Investment Trust said it will run a share repurchasing program to buy back just over 3% of its public float over the course of a one-year period. Shares were trading 0.9% higher at C$15.83.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 25, 2022 12:39 ET (17:39 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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