By Adriano Marchese
Toronto stocks were firmly higher Thursday at midday, thanks to a broad-based push by nearly all sectors. Top of the list were consumer durable stocks, followed by tech and transportation, leading the gainers. Only consumer services stocks were in the red.
Canada's S&P/TSX Composite Index rose 0.6% to 24625.77 and blue-chip S&P/TSX 60 advanced by 0.5% to 1477.83.
Andlauer Healthcare Group shares soared by 27% to 53.49 Canadian dollars ($38.53) after it agreed to be bought by United Parcel Service for roughly $1.6 billion as part of its effort to grow in healthcare transportation and logistics.
Other market movers:
Aecon Group shares fell nearly 12% to C$15.35 after it reported pressured margins and lower-than-expected profit in the first quarter due to legacy project issues in the period.
Bausch + Lomb shares rose 4.7% to C$13.34 after it said it will return its enVista intraocular lenses to market following a voluntary recall in March after discovering they had certain production and material issues.
Cargojet shares rose 12% to C$84.60 after the air cargo company reported a jump in adjusted profit and said it expects more cargo to be diverted through Canada as a result of tariff uncertainty.
Spin Master has appointed Jonathan Roiter as the children's entertainment company's next chief financial officer. Shares rose 5.2% to C$23.49.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 24, 2025 12:07 ET (16:07 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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