By Adriano Marchese

Toronto-listed stocks were slightly lower at midday on Tuesday, following a heavy sell off Monday.

The S&P/TSX Composite Index was unchanged at 24372.53 and the blue-chip S&P/TSX 60 was down 0.2% to 1468.37.

Most sectors were lower, with process industries, transportation and retail down the most. Of the few gainers, materials stocks posted strong gains, followed by energy and consumer durables.

President Trump threatened in a post on Truth Social to double tariffs on Canadian steel and aluminum imports after Ontario applied a 25% surcharge on electricity going across the border. In the same post Trump said he would also apply "significant" tariffs on the Canadian auto sector starting on April 2, which would "permanently shut down" the industry in the country.

Shares of Canadian auto-parts makers fell in response with Magna International's stock down 4.4% to 52.77 Canadian dollars ($36.55), Linamar's shares lost 2.1% to C$50.96 and Martinrea International was off by 1.1% to C$7.57.

Other market movers:

Bombardier's stock was also down on the renewed tariff threats. Shares fell 2.6% to C$78.97.

Endeavour Silver's stock climbed 18% to C$6.18 after the mining company reported an adjusted profit, topping expectations for a loss, despite lower production and revenue in the fourth quarter.

Shares of Tilray Brands fell 9% to C$0.87 after the cannabis company said it would look to exchange $14.6 million of its debt for new shares.

Arc Resources' shares rose 2.3% to C$25.58 after the company said would supply Exxon Mobil's Asian affiliate with liquefied natural gas.

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

(END) Dow Jones Newswires

March 11, 2025 12:15 ET (16:15 GMT)

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