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Toronto Stocks Are Higher; SNC-Lavalin Shares Rise on Subsidiary Contract Win

By Adriano Marchese


Shares in Toronto were moderately higher mid-trading on Thursday while U.S. markets are closed for Thanksgiving. In the session, losses in non-energy resources and consumer nondurables were outweighed by gains in tech, retail and transportation. Shares in SNC-Lavalin Group Inc. rose after it said its subsidiary secured an $8.4 million contract with a Romanian firm.


Canada's S&P/TSX Composite Index was up 0.39% to 21632.07. The blue-chip S&P/TSX 60 was 0.44% higher at 1308.05.


SNC-Lavalin Group Inc. shares rose 1.2% to C$33.33 after it said its subsidiary Candu Energy Inc. won a contract to provide engineering services during the preparatory stage of a precursor project to complete CANDU reactor units 3 and 4 in Romania.


Other market movers:


Shares in Calfrac Well Services Ltd. were up 7.1% to C$5.90 after it said it has increased its credit line to 250 million Canadian dollars, roughly US$197.3 million, and raised its capital budget as it looks to expand its North American operations.


Green Impact Partners Inc. shares slid 1.2% to C$4.94 on news that it expects lower short-term earnings as it prioritizes development of its renewable natural gas projects over the course of 2021 and 2022.


Write to Adriano Marchese at


(END) Dow Jones Newswires

November 25, 2021 12:16 ET (17:16 GMT)

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