By Adriano Marchese
Toronto stocks were slightly higher mid-trading Tuesday. Canada's gross domestic product was virtually flat in August, unchanged from the month before at 2.082 trillion Canadian dollars, the equivalent of $1.506 trillion, according to Statistics Canada.
On Tuesday, sector performance in Canada was mixed marked by declines in consumer durables and lower commercial services. Meanwhile, energy and tech were the standout gainers of the session.
At midday, Canada's S&P/TSX Composite Index was 0.12% higher at 18880.04 and the blue-chip S&P/TSX 60 rose by 0.08% to 1132.75.
Cameco shares were 8.5% higher at C$56.80 after the company reported a profit and higher revenue in the third quarter. The company logged a profit of C$148 million, compared with a loss of C$20 million a year earlier, with sales rising to C$575 million from C$389 million.
Other market movers:
Geodrill shares were 28% lower at 1.71 Canadian dollars ($1.24) after the company said it will suspend its dividend due to a noncash credit loss provision and an expected loss in the third quarter.
Dye & Durham shares were 1.2% higher at C$8.50, moderating from earlier highs in the morning, after the company said it would prioritize reducing its leverage ratio as quickly as possible.
Canadian Tire shares were 1.9% lower at C$133.78 after it said it regained full ownership of its financial-services arm after acquiring the Bank of Nova Scotia's stake in Canadian Tire Financial Services for C$895 million.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
10-31-23 1223ET
