Toronto Stocks Falter, Dragged Down by Tech and Mining Shares

By Robb M. Stewart

Shares on Canada's main exchange were lower Friday, though the market was on track for a modest gain in a holiday-shortened week.

In midday trading, the Toronto Stock Exchange's S&P/TSX Composite Index was 0.5% lower at 24716.33, as technology and mining stocks weighed. That has the index set for a gain this week of 0.5%.

The blue-chip S&P/TSX 60 was down 0.5% at 1482.45.

Constellation Software was among the biggest drags on the Toronto market, falling 1.1% to C$4,497.31.

Among mining stocks, B2Gold was 1.3% lower at C$3.54 and Hudbay Minerals lost 1.1% to C$11.74.

The major banks were mixed, with Bank of Montreal and Bank of Nova Scotia each up 0.5% but Canadian Imperial Bank of Commerce 0.8% weaker and National Bank of Canada down 0.5%. Scotiabank announced it completed a roughly $2 billion investment in KeyCorp, securing an almost 15% stake in the Ohio-based lender.

Write to Robb M. Stewart at [e-mail]

(END) Dow Jones Newswires

12-27-24 1235ET