By By Adriano Marchese
Stocks in Toronto experienced a slight increase, with Canada’s process industries leading the gains, followed by transportation and communications. However, these gains were partially offset by declines mainly in commercial services.
The S&P/TSX Composite Index in Canada rose by 0.12% to reach 20,576.61. Additionally, the blue-chip S&P/TSX 60 also saw a rise of 0.08% and reached 1,234.38.
Noteworthy Market Movements
Dialogue Health Technologies witnessed a significant increase of 40% in its shares, which rose to 5.06 Canadian dollars ($3.84). This surge came after Sun Life Financial announced its plans to acquire the company for C$277 million. The acquisition is expected to enhance Sun Life’s health business, addressing the growing concerns among Canadians regarding timely access to medical appointments.
Other notable market movements include:
- Rogers Communications saw a rise of 3.6% in its shares, reaching C$61.30. The telecom company anticipates better earnings and cash flow this year following a strong first-half performance.
- CGI, the Canadian information technology and software company, reported a 14% increase in earnings in the latest quarter due to higher sales and increased bookings. However, its shares declined by 5.1% and reached C$128.58.
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