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Toronto Stocks Slip; Hydro One Shares Rise as 3Q Profit Beats Views

Dow Jones Newswires ·  Nov 9, 2021 12:00

By Adriano Marchese

Canadian shares were marginally down mid-trading Tuesday. The producer manufacturing sector was the biggest loser in the session, outweighing gains in utilities and retail trade stocks. Hydro One Ltd. shares rose as profit in its third quarter beat analyst expectations.

At midday, Canada's S&P/TSX Composite Index was down 0.08% at 21538.01 and the blue-chip S&P/TSX 60 was virtually flat at 1294.36.

Hydro One Ltd. shares rose 0.8% to C$30.44 after the company said profit rose in its third quarter, beating analyst expectations, as it benefited from approved rates for its transmission and distribution segments.

Other market movers:

Endeavour Silver Corp. shares fell 2.1% to C$6.49 after it said that it withheld metal sales in its third quarter, which increased the company's finished goods inventory but weighed on revenue.

Shares in Mountain Province Diamonds Inc. dropped 2% after it named Mark Wall as president and chief executive officer. He was most recently the CEO of a subsidiary of Hong Kong listed Shandong Gold Mining, Streamers Gold Mining.

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

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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