© Reuters.
TORONTO – The Toronto stock market witnessed a positive shift today as the S&P/TSX Composite Index climbed 0.56% to settle at 20164.62, while the S&P/TSX 60 saw an increase of 0.61%, reaching 1216.72. The gains were primarily driven by strong performances in the energy, health tech, and tech sectors. This upward movement came despite slight downturns in commercial services and transportation, along with consumer durables.
Statistics Canada released data indicating a dip in the industrial product price index by 1% for October, following a minor uptick of 0.4% in September. In corporate news, MDA’s shares experienced a significant boost, jumping 5.4% to close at C$11.50 on the back of announcing the initiation of a C$180 million satellite contract.
In contrast, Canadian Pacific (NYSE:) Kansas City saw its shares slightly fall by 0.7%, trading at C$97.91 amid concerns over potential effects from Mexico’s draft decree affecting rail lines. BlackBerry (NYSE:), however, reported a modest rise of 0.4%, with shares reaching C$4.98 after establishing a cybersecurity partnership in Malaysia.
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