Toronto Stocks Slip; Foremost Lithium Resource Shares Tumble
By Adriano Marchese
Canadian stocks were mildly lower on Tuesday at midday with mixed sector performance.
Tech, industrial services and energy were the main of few gainers in the session, while health tech, consumer discretionary and commercial services were the outsized laggards.
Canada's S&P/TSX Composite Index was down 0.27%, to 19731.30, mid-trading, while the blue-chip S&P/TSX 60 fell by 0.33%, to 1181.19.
Shares of Foremost Lithium Resource & Technology in Canada and the U.S. diverged sharply as the lithium explorer made its Nasdaq debut Tuesday after pricing a $4 million equity raising. On the Canadian Securities Exchange, Foremost Lithium shares were down over 28%, to 5.97 Canadian dollars.
Other market movers:
Westport Fuel Systems shares were down 2%, to C$10.06, after the Canadian alternative fuel systems and components company said its chief executive, David Johnson, has resigned from the role.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
August 22, 2023 12:21 ET (16:21 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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