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Stocks in Toronto Rise for Fourth Consecutive Day


By Robb M. Stewart

Stocks in Toronto continued their upward trajectory for the fourth consecutive day, mirroring gains in the U.S. markets. Positive economic data indicates that American consumers are maintaining a strong position.

In Thursday’s trading session, technology and finance stocks led the way with broad gains. Additionally, mining and energy shares saw an uptick due to stronger commodity prices.

The S&P/TSX Composite Index climbed 1% to reach 20486.04, while the blue-chip S&P/TSX 60 advanced 1.1% to 1230.27.

Bank of Montreal saw a 1.2% increase, while Toronto-Dominion Bank registered a 1.3% gain, alongside other major banks’ advancements.

Within the resources sector, Barrick Gold rose 1%, and Enbridge experienced a 1.8% increase.

Here are the other notable market movers:

  • Empire’s shares surged by 2.2% to C$36.05 after reporting stronger-than-expected earnings for the latest quarter. The retailer and real-estate investor benefited from increased food sales and gains from its exit from gas stations in western Canada.

  • Dye & Durham, a legal practice management software company, witnessed a 17% decline to C$16.87 as underlying earnings fell short of expectations for the latest quarter.

  • Laurentian Bank of Canada saw its shares drop by 11% to trade at C$31.82 after announcing that it would not pursue a sale. Instead, the bank stated it would expedite its current strategic plan.

Contact Robb M. Stewart at

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