Toronto Stocks Climb, MDA Rises on New Digital Satellite Constellation Contract
By Adriano Marchese
Stocks in Toronto were higher on Friday.
Statistics Canada's industrial product price index, which tracks prices that manufacturers receive after goods leave the plant, fell 1.0% in October after edging up 0.4% in September.
Most sectors were in positive territory, led by energy, health tech and tech. Losses were in the consumer durables sector, and minor losses logged in commercial services and transportation.
Canada's S&P/TSX Composite Index climbed 0.56% to 20164.62 and the blue-chip S&P/TSX 60 was 0.61% higher at 1216.72.
MDA shares were 5.4% higher at 11.50 Canadian dollars ($8.36). The company said it has begun work on its C$180 million satellite constellation contract for an unidentified client.
Other market movers:
Canadian Pacific Kansas City said it is reviewing a draft decree issued by Mexico's government aimed at driving passenger traffic on rail lines, but doesn't expect an adverse impact on its concession in the country. Shares are down 0.7% at C$97.91.
BlackBerry secured a long-term software and services agreement aimed at strengthening Malaysia's cybersecurity. Shares are up 0.4% to C$4.98.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 17, 2023 12:28 ET (17:28 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
Top-Performing Stock ETFs of the Quarter
-
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
-
This Cheap Stock Is Still a Buy Even After 50% Rally
-
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