Toronto Stocks Advance, Capital Power Rises on Power Supply Deal in Michigan
By Adriano Marchese
Toronto stocks rose thanks to a broad-based push by most sectors in Canada.
Among the biggest gainers Thursday were commercial services, tech services and utilities stocks. Of the few declining sectors, communications, materials and consumer services were the main laggards.
Canada's S&P/TSX Composite Index rose 0.5% to 29463.58 and the blue-chip S&P/TSX 60 advanced by 0.6% to 1744.77.
On the national front, Canada's government is expected to spend 159 billion Canadian dollars ($115.4 billion) on infrastructure projects over the next five years, according to estimates by the Parliamentary Budget Office.
Capital Power's stock rose by 5% to C$64.40 a share after announcing a more lucrative long-term power supply contract with Consumers Energy to supply power in Michigan.
Other market movers:
Shares in Pollard Banknote rose by over 10% to C$21.85 after it was selected to provide its gaming platform to the national lottery of Belgium.
NanoXplore shares advanced by 7.5% to C$3.01 after it said signed a contract to supply a proprietary carbon product to Chevron Phillips Chemical.
High Liner Foods shares rose 3.5% after BMO analysts upgraded the stock to outperform from market perform on the back of the company's transition back to a period of revenue growth which should drive stock price performance.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
September 18, 2025 12:31 ET (16:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States