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Toronto Stocks Rise Despite Weak Job Numbers; Open Text Falls After 2Q Results

By Adriano Marchese

 

Canadian stocks were higher in midday trading Friday. The country released weaker job numbers, showing that employment dropped in January by a net 200,100 jobs. In the session, electronic tech and health tech were the biggest losers while health services and process industries led the gainers. Open Text Corp. shares fell after the company reported its second-quarter results after markets closed on Thursday.

At midday, Canada's S&P/TSX Composite Index was up 0.7% at 21233.53 and the blue-chip S&P/TSX 60 was 0.7% higher at 1291.70.

Open Text shares fell 3.4% to C$57.01 after the company reported earnings per share were 32 cents for its fiscal second quarter, compared with a loss of 24 cents, while on an adjusted basis, fell to 89 cents from 95 cents.

 

Other market movers:

Trevali Mining Corp. shares rose 0.8% to C$1.22 after it said its mining operations were proceeding as normal in Burkina Faso, despite the political situation in the African country.

Shares of Xebec Adsorption Inc. were 9.9% higher at C$2.00 after the company said it signed an agreement to supply its pressure swing adsorption technology to Air Liquide Advanced Technology US.

 

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

 

(END) Dow Jones Newswires

February 04, 2022 12:19 ET (17:19 GMT)

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