Toronto Stocks Flat; Laurentian Bank of Canada Declines on Lower 4Q Profit, Revenue - News Summed Up

Toronto Stocks Flat; Laurentian Bank of Canada Declines on Lower 4Q Profit, Revenue


By Adriano MarcheseToronto stocks were flat at midday on Thursday as investors digest the Bank of Canada's decision to hold interest rates at 5% on Wednesday. Sector performance was mixed, with technology up the most followed by commercial services. Shares of Laurentian Bank of Canada, which focuses primarily on the Quebec market, fell by 1.6% to 25.98 Canadian dollars ($19.11) after it reported lower profit and revenue in the fourth quarter, in part due to one-off costs and charges. Other market movers:ADF Group's shares gained 17% to C$5.25 after the steel products maker reported higher profit and revenue in the third quarter. Write to Adriano Marchese at adriano.marchese@wsj.com(END) Dow Jones NewswiresDecember 07, 2023 12:32 ET (17:32 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.


Source: Wall Street Journal December 08, 2023 05:41 UTC



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