Toronto Stocks Inch Higher; Thomson Reuters Up After Selling Shares in LSEG
By Adriano Marchese
Stocks in Toronto were rose in midday trading on Friday ahead of the Victoria Day holiday long weekend. Most sectors were up led by communications, process industries and technology. Consumer discretionary was the major laggard of the session followed by consumer durables.
Canada's S&P/TSX Composite Index was up 0.22% to 20342.39, and the blue-chip S&P/TSX 60 rose 0.17% to 1225.02.
Shares of Thomson Reuters were 0.7% higher at 170.73 Canadian dollars ($126.44) after the company said it sold 33 million shares in London Stock Exchange Group. The company will receive $1.52 billion from the sale of the shares, which were co-owned with certain investment funds affiliated with Blackstone.
Other market movers:
WELL Health Technologies were 0.7% higher at C$4.54 after the company said would acquire five primary care clinics in Calgary, Alberta from MCI Onehealth Technologies for C$2 million.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
May 19, 2023 12:45 ET (16:45 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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