By Adriano Marchese
Toronto-listed stocks were marginally higher.
Sector performance in Canada was mixed Thursday. The biggest laggards were in tech services, distribution services and communications stocks. On the gainers' side, materials, tech and commercial services stocks led.
On the broader economic front, Canada racked up a record trade deficit in April as President Trump's tariff war continued to bite into demand and the economy. The deficit was 7.14 billion Canadian dollars ($5.22 billion), much bigger than the C$1.5 billion expected.
Canada's S&P/TSX Composite Index advanced 0.2% to 26373.10 and the blue-chip S&P/TSX 60 edged up 0.1% to 1575.15.
Shares in DesCartes Systems Group fell 8.9% to C$144.08 ($105.33) after the Canadian logistics and supply-chain management software company said it would lay off staff after posting weaker-than-expected first-quarter results.
Other market movers:
Shares of Transat A.T. jumped by 9.7% to C$1.81 after the Canadian tour operator said it had restructured its pandemic-era government loans, easing a major financial overhang.
Vermilion Energy agreed to sell its remaining U.S. assets for C$120 million, marking its full exit from the country. Shares rose 1.3% to C$9.26.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
June 05, 2025 12:14 ET (16:14 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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