Canadian Stocks Rise as Multiple Sectors See Gains

by Warren Seah

The stock market in Toronto had a positive start to the week, with most Canadian sectors experiencing increases during midday trading. Process industries, technology services, and materials led the way, while health services, consumer services, and energy lagged behind.

The S&P/TSX Composite Index, representing Canada’s stock market, saw a 0.46% rise to 20166.28. At the same time, the blue-chip S&P/TSX 60 also increased by 0.46% to reach 1208.60.

Aurora Cannabis Sees Significant Surge in Share Price

Aurora Cannabis witnessed a substantial increase in its share price, jumping to 1.07 Canadian dollars (78 cents), marking a rise of almost 49%. This surge came after the cannabis company announced its repurchase of C$12.3 million worth of its convertible senior notes in order to achieve positive cash flow targets for the upcoming year.

Other Notable Market Movements

  • Vermilion Energy: Shares rose by 1.7% to C$20.59 after the energy company successfully resumed operations at one of its facilities in Australia following repairs.

  • Aris Mining: Shares experienced a notable increase of 9.7% and reached C$3.17 after the company reported record gold output of 19,406 ounces at its Colombian operations in August. This represents the highest amount since expanding its processing plant in 2022.

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