Toronto Stocks Slide, Cassiar Gold Shares Drop on Increased Bought Deal Offering

By Adriano Marchese

Toronto stocks were trending lower, paring some of last week's gains after the S&P/TSX Composite Index closed 0.6% higher.

The consumer durables sector was the notable gainer in the session, followed by energy and industrial services. Tech, tech services and health technology led the decliners.

Canada's S&P/TSX Composite Index slipped 0.22% to 20647.56 and the blue-chip S&P/TSX 60 was down by 0.32% to 1245.00.

Cassiar Gold Corp. shares 14% lower at 50 Canadian cents (37 cents) after the company said it has raised its bought-deal financing by 2 million Canadian dollars ($1.5 million) to C$9.5 million.

Other market movers:

Waste Connections Inc. has reappointed its founder and executive chairman, Ronald Mittelstaedt, to the role of president and chief executive, effective immediately. He originally held the head role between 1997 and July 2019, and his reappointment puts him in the Boomerang CEO Club along with other notable people such as Steve Jobs and Robert Iger. Shares were down 1.5% at C$193.45.

Hudson Resources Inc. shares jumped 60% to C$0.04 after the company got approval to sell its Greenland exploration licenses to Neo Performance Materials Inc. for $3.5 million.

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

(END) Dow Jones Newswires

April 24, 2023 12:31 ET (16:31 GMT)

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