By Adriano Marchese

Toronto stocks were roughly flat Monday midtrading while U.S. markets were closed for Martin Luther King Jr. Day.

Most sectors were in the red, led by tech services, commercial services and health tech, but these were offset by gains in materials, health services and energy.

On the broader economic front, inflation in Canada quickened to a pace of 2.4% in December, according to Statistics Canada, though underlying measures indicate price pressures are easing.

Canada's S&P/TSX Composite Index rose 0.1% to 33071.79 and the blue-chip S&P/TSX 60 was 0.1% lower at 1922.63.

Iamgold shares climbed by 9.6% to 26.24 Canadian dollars ($18.85) after the miner said its 2025 gold production was on track to beat expectations and outlined fresh targets for the year ahead.

Other market movers:

Keyera shares fell 3.2% to C$43.55 after it said an equipment failure will keep its Alberta Envirofuels plant shut until May, denting earnings, but that it plans to use the downtime to advance scheduled turnaround work.

Barrick Mining shares rose by 1.8% to C$69.01 after the miner named director Helen Cai as its next chief financial officer, succeeding Graham Shuttleworth, who has been in the role since the company's acquisition of Randgold Resources seven years ago.

Dynacor Group shares rose by 11% to C$6.70 after it said it expects to report strong sales and gold production for 2025. The company said it projects more growth in 2026 as new plants in Ecuador and Senegal begin contributing to production.

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

(END) Dow Jones Newswires

January 19, 2026 12:08 ET (17:08 GMT)

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