Stocks in Toronto were mildly lower in midday Friday trading, with investors recalibrating after Israel's attack on Iran with strikes that targeted the country's nuclear program and military leadership.

Energy stocks benefited from the jump in oil prices, although that was offset by declines in financial services, information technology and industrials.

Canada's S&P/TSX Composite Index was down 0.1% at 26591.68, and the blue-chip S&P/TSX 60 was 0.14% lower at 1584.76.

Shares of Toronto-based Dundee Precious Metals rose 2.2% to 20.98 Canadian dollars ($15.42) after it agreed to buy Adriatic Metals for around $1.3 billion as it seeks to enhance its portfolio and boost growth. The company said the deal would help expand gold production to up to 425,000 gold-equivalent ounces in 2027.

Other market movers:

Imperial Oil was on track Friday to close at a 52-week high as energy stocks moved higher as a category due to the Israel-Iran conflict and implications for oil supply. Imperial shares rose 2.8% to C$110.25. The S&P/TSX energy subindex climbed 1.9% as of midday Friday.

Clothing and accessory maker Roots jumped 3.1% to C$3.30 as the company recorded a narrower loss in the first quarter, with sales up 6.7%.

Write to Paul Vieira at paul.vieira@wsj.com

(END) Dow Jones Newswires

06-13-25 1216ET

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