Toronto Stocks Continue to Rise Ahead of Christmas Holidays
Toronto stocks show gains as process industries, materials, and transportation sectors lead the way. Canadian markets will be closed on Monday and Tuesday for Christmas.
By Adriano Marchese
Toronto stocks were firmly higher on Friday at midday, following the upward trend from Thursday. The majority of sectors showed gains, with process industries, materials, and transportation leading the way. However, consumer discretionary, health tech, and communications sectors were dragging in the session.
Market Closure for Christmas
In light of the upcoming Christmas holidays, the Canadian markets will be closed on Monday and Tuesday. Trading will resume on Wednesday, December 27.
The S&P/TSX Composite Index of Canada saw a 0.72% increase to reach 20,915.65. Additionally, the blue-chip S&P/TSX 60 rose by 0.69 to 1,261.33.
Artis Real Estate Investment Trust's Positive News
Artis Real Estate Investment Trust saw a 2.2% increase in its shares to reach 6.44 Canadian dollars ($4.85) after announcing the sale of a portfolio of eight Canadian retail properties for a total of 222 million Canadian dollars, or $167.1 million.
Other Notable Market Movements
Richelieu Hardware shares also saw a rise of 1% to C$47.44, as the company plans to renew its share repurchase program in an effort to buy back up to 2.7% of its issued and outstanding common shares over a one-year period.