Toronto Stocks Retreat; Aritzia Shares Jump on 2Q Results

By Adriano Marchese

Toronto stocks were lower in midday trading of the last day of the week, ahead of a long weekend. Most sectors were trending lower, led by commercial services, energy and health tech stocks. Of the few gainers, the materials, retail and communications sectors were the strongest.

Turning to the economy, unemployment in Canada held steady in September at 7.1%, as hiring rebounded strongly following two straight months of heavy job losses. About 60,400 jobs were added last month, according to Statistics Canada.

Canada's S&P/TSX Composite Index fell 1% to 29972.38, and the blue-chip S&P/TSX 60 declined by 1% to 1764.33.

Leading the retail sector, Aritzia's stock rose 10% to 87.59 Canadian dollars ($62.47) after reporting late Thursday that revenue rose in the second quarter by nearly a third, thanks to the Canadian women's clothing retailer's rising sales in the U.S. and Canada.

Other market movers:

MTY Food Group shares fell by 7.7% to C$34.86 after reporting lower third-quarter profit as sales softened, particularly in the U.S. market, which weighed on the restaurant franchiser's results.

Bitfarms' Toronto-listed stock rose 10% to C$6.45 a share after the energy and digital infrastructure company said it has converted a private debt facility for up to $300 million project-specific financing and has plans to draw down $50 million to develop a data center campus in Pennsylvania.

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

(END) Dow Jones Newswires

October 10, 2025 12:23 ET (16:23 GMT)