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Toronto Stocks Edge Up; Anaergia Climbs on Positive Growth Momentum Outlook for 2022

By Adriano Marchese

 

Canadian stocks are lightly higher Tuesday mid-trading, with the S&P/TSX Composite Index inching 41.32 points higher. In the session, gains led by Canada's tech and producer manufacturing were offset by notable losses in process industries and tech services. Shares of Anaergia Inc. shares were higher after the company said it expects to continue its growth momentum and improve performance in the remaining half of the year.

At midday, Canada's S&P/TSX Composite Index was 0.23% higher at 20226.40. The blue-chip S&P/TSX 60 rose by 0.34%, to 1223.30.

Anaergia Inc. shares jumped nearly 25%, to 10.16 Canadian dollars (US$7.87), after it said it has benefited from capital sales projects currently under development in Europe--specifically in Italy--the Middle East and in Africa, supporting a 57% rise in revenue to C$42.2 million.

 

Other market movers:

Canadian Pacific Railway Ltd. overcame another regulatory hurdle after receiving clearance from the U.S. Committee on Foreign Investment for its proposed merger with Kansas City Southern. Shares were 1% higher at C$105.19.

 

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

 

(END) Dow Jones Newswires

August 16, 2022 12:12 ET (16:12 GMT)

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