Canadian Stocks Mixed In Lackluster Trade
(RTTNews) - Canadian stocks are turning in a mixed performance in cautious trade with investors digesting U.S. producer price inflation data and looking ahead to the consumer price inflation report.
Communications and consumer staples shares are weak, while materials shares are up thanks to higher metal prices.
The benchmark S&P/TSX Composite Index was down 5.78 points at 24,530.54 a little while ago. The index, which climbed to 24,623.16 earlier in the session, dropped to 24,469.90 before recovering a bit.
TerraVest Industries (TVK.TO) is rising 6.7%. Silvercrest Metals (SIL.TO) is up 6.5%, and MAG Silver Corp (MAG.TO) is gaining 5.8%.
Hut 8 Corp (HUT.TO), Aritzia Inc (ATZ.TO), Celestica Inc (CLS.TO), Gildan Activewear (GIL.TO), Methanex Corporation (MX.TO), Newmont Corporation (NGT.TO), Fairfax Financial Holdings (FFH.TO), Wheaton Precious Metals (WPM.TO), AtkinsRealis (ATRL.TO) and West Fraser Timber (WFG.TO) are up 1.7 to 4.5%.
Cogeco Inc (CGO.TO) is down nearly 8%. The company reported adjusted diluted earnings per share of $2.82 for the quarter ended Nov. 30, 2024, compared to $2.57 a year earlier. Diluted earnings per share increased to $3.09 compared with the prior year figure of $2.21.
Cogeco Communications (CCA.TO) is declining 6.7%. BCE Inc (BCE.TO), Loblaw Companies (L.TO), Boralex (BLX.TO) and Empire Company (EMP.A.TO) are also down sharply.
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