By Adriano Marchese


Toronto stocks were moderately lower in midday on Thursday with most sectors lower, as technology services, materials and consumer durables lagged the most. Those declines were partially offset by gains in health tech and transportation.

At midday, Canada's S&P/TSX Composite Index was down 0.33% at 20422.63. The blue-chip S&P/TSX 60 fell by 0.28% to 1225.52.

Theratechnologies shares were down 5.7% at 1 Canadian dollar (76 U.S. cents) after the company said it plans to consolidate its shares in an effort to lift the trading price and regain compliance with Nasdaq listing requirements.

On the British Columbia port strike front, union leaders rescinded a return to strike notice after Minister of Labour Seamus O'Regan called it illegal without a 72-hour notice.


Other market movers:

Mullen Group shares slipped 1.8% to C$14.98 after reporting a nearly 15% drop in profit in the second quarter. The decline was less than analysts expected, and was partly due to softer demand for freight and logistics services, which dragged on revenue.

Orea Mining jumped 40% to C$0.04 after it signed a new agreement with Nord Gold to acquire their 55.01% interest in the Montagne d'Or gold project in French Guiana, giving the Canadian miner complete ownership.

WELL Health Technologies will acquire the clinic assets of MCI Onehealth Technologies and invest in the company to advance its artificial intelligence, data science and rare and complex disease detection platform. WELL Health's shares were down 2.8% at C$4.58.


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


(END) Dow Jones Newswires

07-20-23 1240ET