By Adriano Marchese

Toronto stocks were mildly lower mid-trading Thursday. Materials stocks were the main laggards, followed by retail and industrial services. On the gainers' side, manufacturing, communications and distribution services stocks were the leaders.

Canada's run of current-account deficits continued into the first three months of the year, recording a deficit of 2.13 billion Canadian dollars, the equivalent of about $1.54 billion, though the shortfall narrowed.

Canada's S&P/TSX Composite Index fell 0.2% to 26236.37 and the blue-chip S&P/TSX 60 declined by 0.2% to 1570.83.

Royal Bank of Canada shares fell 3.4% to C$172.62 after it reported results that fell short of expectations in part thanks to a rise in loan-loss provisions.

Other market movers:

Canadian Imperial Bank of Commerce's second-quarter earnings increased despite higher loan-loss provisions. Shares fell 0.1% to C$93.89.

BRP shares rose more than 11% to C$55.34 after the Canadian maker of Ski-Doo and Sea-Doo said it made progress in reducing inventory levels and is preparing a wave of new product launches for the second half of the year.

Shares of EQB fell 7% to C$92 after the digital financial services company reported lower profit and higher impaired loans in the second quarter.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

May 29, 2025 12:07 ET (16:07 GMT)

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