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Toronto Stocks Trade Flat at Midday, Roots Shares Fall as Foreign Exchange Drags on Sales

By Adriano Marchese

 

Shares in Toronto were flat at midday on Friday with energy minerals and consumer durables leading and utilities and producer manufacturing the laggards.

Shares in Roots fell after the company said foreign exchange effects weighed on sales in its second quarter.

Canada's S&P/TSX Composite Index was up 0.04% to 20714.51 while the blue-chip S&P/TSX 60 slid 0.03% to 1239.20.

Roots Corp.'s shares fell by 1.5% to C$3.21 after the company said performance improved slightly in the second quarter of fiscal 2021. But sales remained virtually flat as unfavorable foreign exchange weighed on wholesale sales with its overseas partner in Taiwan.

 

Other market movers:

 

Lundin Mining Corp.'s shares rose 2.8% to C$9.95 after the base metals miner said it has picked a company insider to succeed Marie Inkster as chief executive.

 

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

 

(END) Dow Jones Newswires

September 10, 2021 13:10 ET (17:10 GMT)

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