Toronto Stocks Edge Higher; National Bank of Canada Shares Down After Earnings Miss

By Adriano Marchese

Stocks in Toronto rose in midday trading on Wednesday as energy, technology services and technology stocks registered gains.

The S&P/TSX Composite Index was 0.33% higher at 20356.59, and the blue-chip S&P/TSX 60 rose by 0.37% to 1219.23.

Consumer durables posted the biggest declines in the session, followed by retail and utilities.

Canadian bank earnings resumed as the National Bank of Canada reported results that missed estimates for adjusted earnings per share and revenue in its third quarter, as provisions for credit losses tempered growth. Shares of the smallest of Canada's 'Big 6' banks by market cap were down 4.1% to 96.39 Canadian dollars ($71.12).

Other market movers:

Shares of Willow Biosciences were up 14% at C$0.08 after the biotechnology company said it filed a patent application to produce corticosteroids at a lower price.

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

(END) Dow Jones Newswires

August 30, 2023 12:33 ET (16:33 GMT)

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