Toronto Stocks Advance; Aurora Cannabis Higher on Convertible Notes Repurchase
By Adriano Marchese
Stocks in Toronto started the week moderately higher on Monday with as most Canadian sectors up at midday led by process industries, technology services and materials. Health services, consumer services and energy lagged.
Canada's S&P/TSX Composite Index was 0.46% higher at 20166.28 and the blue-chip S&P/TSX 60 rose by 0.46% to 1208.60.
Aurora Cannabis shares soared to 1.07 Canadian dollars (78 cents), a rise of nearly 49%, after the cannabis company said that it repurchased C$12.3 million worth of its convertible senior notes to reach positive cash flow targets next year.
Other market movers:
Vermilion Energy shares rose by 1.7% to C$20.59 after the energy company said that following repairs it had restarted operations at a facility in Australia.
Aris Mining shares were 9.7% higher at C$3.17 after the company said that it had record gold output of 19,406 ounces at its operations in Colombia in August, the most since the expansion of its processing plant there in 2022.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
September 11, 2023 12:38 ET (16:38 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Q4 Stock Market Outlook: Where We See Opportunities for Investors
-
Markets Brief: Non-Farm Payrolls in the Spotlight Again
-
6 Top-Performing Large-Growth Funds
-
What’s the Difference Between the CPI and PCE Indexes?
-
10 Top-Performing Dividend Stocks of Q3 2024
-
33 Undervalued Stocks
-
Communication Services: Cable’s Broadband Dominance Isn’t as Strong as It Once Was
-
Technology: Strength Continues, With Software Presenting the Best Buying Opportunities
-
Best- and Worst-Performing Stocks of Q3 2024
-
Top Stocks to Own From the Best Fund Managers
-
2 Cheap Stocks Top Managers Have Been Buying
-
The 10 Best Companies to Invest in Now