Toronto Stocks Slide; Flow Beverage Shares Rises on Manufacturing Deal With BeatBox
By Adriano Marchese
Toronto-listed stocks were lower in midday trading, paring some of the mild gains notched in Wednesday's trading session. Most sectors were trending downward at midday, with energy, process industries and consumer-discretionary stocks leading the decline. Of the few gainers, materials led the pack, followed by consumer services, tech and commercial services.
Canada's S&P/TSX Composite Index fell by 0.32% to 19993.54 and the blue-chip S&P/TSX 60 was down 0.27% to 1205.56.
Flow Beverage's shares rose by 8.9% to 25 Canadian cents, the equivalent of 18 U.S. cents, as the spring-water company made a move into alcoholic drinks with a deal to manufacture and package BeatBox Beverage's line of Party Punch.
Other market movers:
Parkland secured financing of C$210 million to expand its EV charging-station network across Canada. Shares were down 2.1% at C$43.54.
Chorus Aviation said its Voyageur Aviation unit received a contract with the Canadian defense department to provide upgrades to its fleet of Dash 8-100 CT-142 aircraft.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 16, 2023 12:29 ET (17:29 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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