In today's session, Toronto stocks saw a moderate increase, with gains mainly in commercial services and energy sectors. However, tech services, process industries, and health tech stocks lagged behind.
Key Figures:
- S&P/TSX Composite Index: 0.09% higher at 21551.03
- S&P/TSX 60: Rose by 0.18% to 1300.21
Canada's official international reserves slightly decreased to $116.25 billion in February, driven by a loss on investments partially offset by reserves-management funding operations.
Pet Valu Holdings experienced a dip of 4.9% to 28.49 Canadian dollars ($20.99) as same-store sales growth slowed compared to the previous year. Despite this, the Canadian pet-products retailer reported growth in profit and revenue amidst a challenging consumer environment.
Other Market Highlights:
- Ballard Power Systems: Received a 15-megawatt order of fuel cell systems from a U.K.-based company specializing in renewable off-grid power generation. Shares were down by 1.8% to C$4.28.
- Vizsla Copper: Shares dropped nearly 17% to C$0.08 after raising C$1.5 million in a non-brokered private placement of units, including shares and warrants redeemable at C$0.12 over the next three years.
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