Toronto Stocks Inch Down; Tilray Brands Climbs on Acquiring Full Interest in Truss Beverage

By Adriano Marchese

Stocks in Canada were lower on Friday at midday, but approaching flat levels from deeper lows in the morning. Canada's S&P/TSX Composite Index is on track for a 3% decline for the week, sliding 0.11% o 19790.34. The blue-chip S&P/TSX 60 was down 0.13% at 1185.31.

Weighing on the indexes are losses logged mainly in commercial services and retail trade, offsetting gains primarily in consumer durables and process industries stocks.

Shares of Tilray Brands were 2.6% higher at 2.73 Canadian dollars ($2.02) after it said it bought full control of Truss Beverage in an effort to position itself as a leader in cannabis-infused drinks in Canada.

Other market movers:

Brookfield Reinsurance is soliciting holders of its class A limited voting shares of Brookfield Corp. to exchange their shares for newly issued Brookfield Reinsurance shares on a one-to-one basis. Shares of Brookfield Reinsurance were up 1.6% at C$44.78, while Brookfield Corp. shares were 1.2% higher at C$44.55.

Calian shares were 0.8% higher at C$42.02 after it said it plans to buy back up to 10% of its public float of shares over a one-year period.

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

(END) Dow Jones Newswires

August 18, 2023 12:18 ET (16:18 GMT)

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