Toronto Stocks Edge Forward; OpenText Shares Down After CFO Exits for EQB

Dow Jones

2025/07/10

By Adriano Marchese

Toronto-listed stocks were slightly higher in midday trading on Wednesday, with most of those gains coming from the tech sector. Health services and materials stocks stock were also up, but posted smaller gains.

Tech services, communications and health tech stocks led the decliners.

Canada's S&P/TSX Composite Index rose 0.2% to 26962.42 and the blue-chip S&P/TSX 60 advanced 0.2% to 1603.37.

OpenText's shares declined 5.2% to 39.16 Canadian dollars, equivalent to $28.67, after the company said Chief Financial Officer Chadwick Westlake would return to digital financial-services firm EQB to become chief executive officer. Westlake joined OpenText earlier this year from EQB, where he had been CFO.

Other market movers:

Shares of Neo Performance Materials rose 5.6% to C$15.39 after the company secured a $50 million contract to supply rare earth magnets to a seller of electric vehicle traction motors in Europe.

G2 Goldfields' stock declined by 4.5% to C$2.55 after minority shareholder AngloGold Ashanti fully divested itself from the company with the sale of its almost 15% stake in the business.

Cascades will shutter its corrugated medium manufacturing facility in Niagara Falls, N.Y., in a move that will directly affect 123 employees, the company said late Tuesday. Shares rose 1.4% to C$9.38.

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

(END) Dow Jones Newswires

July 09, 2025 12:20 ET (16:20 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Health services and materials stocks stock were also up, but posted smaller gains. \n</p>\n<p>\n  Tech services, communications and health tech stocks led the decliners. \n</p>\n<p>\n  Canada's S&amp;P/TSX Composite Index rose 0.2% to 26962.42 and the blue-chip S&amp;P/TSX 60 advanced 0.2% to 1603.37. \n</p>\n<p>\n  OpenText's shares declined 5.2% to 39.16 Canadian dollars, equivalent to $28.67, after the company said Chief Financial Officer Chadwick Westlake would return to digital financial-services firm EQB to become chief executive officer. Westlake joined OpenText earlier this year from EQB, where he had been CFO. \n</p>\n<pre>\n \n</pre>\n<p>\n  Other market movers: \n</p>\n<p>\n  Shares of Neo Performance Materials rose 5.6% to C$15.39 after the company secured a $50 million contract to supply rare earth magnets to a seller of electric vehicle traction motors in Europe. \n</p>\n<p>\n  G2 Goldfields' stock declined by 4.5% to C$2.55 after minority shareholder AngloGold Ashanti fully divested itself from the company with the sale of its almost 15% stake in the business. \n</p>\n<p>\n  Cascades will shutter its corrugated medium manufacturing facility in Niagara Falls, N.Y., in a move that will directly affect 123 employees, the company said late Tuesday. Shares rose 1.4% to C$9.38. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 09, 2025 12:20 ET (16:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4202","symbol_name":"服装、服饰与奢侈品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2550654105","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550654105","pubTimestamp":1752078000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Toronto-listed stocks were slightly higher in midday trading on Wednesday, with most of those gains coming from the tech sector. 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Health services and materials stocks stock were also up, but posted smaller gains. \n\n\n  Tech services, communications and health tech stocks led the decliners. \n\n\n  Canada's S&P/TSX Composite Index rose 0.2% to 26962.42 and the blue-chip S&P/TSX 60 advanced 0.2% to 1603.37. \n\n\n  OpenText's shares declined 5.2% to 39.16 Canadian dollars, equivalent to $28.67, after the company said Chief Financial Officer Chadwick Westlake would return to digital financial-services firm EQB to become chief executive officer. Westlake joined OpenText earlier this year from EQB, where he had been CFO. \n\n\n \n\n\n  Other market movers: \n\n\n  Shares of Neo Performance Materials rose 5.6% to C$15.39 after the company secured a $50 million contract to supply rare earth magnets to a seller of electric vehicle traction motors in Europe. \n\n\n  G2 Goldfields' stock declined by 4.5% to C$2.55 after minority shareholder AngloGold Ashanti fully divested itself from the company with the sale of its almost 15% stake in the business. \n\n\n  Cascades will shutter its corrugated medium manufacturing facility in Niagara Falls, N.Y., in a move that will directly affect 123 employees, the company said late Tuesday. Shares rose 1.4% to C$9.38. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 09, 2025 12:20 ET (16:20 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}