By Adriano Marchese

Toronto stocks were slightly higher midday Tuesday.

Sector performance was mixed in the session, with losses mainly in commercial services, consumer discretionary and transportation offset by gains in materials, energy and consumer services.

On the broader trade front, Canada's trade deficit narrowed in March to 506 million Canadian dollars, the equivalent of about US$366 million, narrower than the C$1.6 billion deficit economists anticipated. The change comes as a continued pullback in exports to the U.S. was countered by a jump in shipments elsewhere and Canadian imports fell for the first time in six months.

Canada's S&P/TSX Composite Index rose by 0.2%, to 24990.65, and the blue-chip S&P/TSX 60 remained virtually flat, at 1502.55.

Shares of Colliers International Group were 3.9% lower, at C$161.80, after the company's largest segment saw a decline in revenue, leading to a miss, and a swing to a loss in the first quarter.

Other market movers:

Shares in Centerra Gold jumped by 12%, to C$9.96, after the miner reported better-than-expected revenue thanks to a higher average for the price of gold which offset declines in production.

Pet Valu Holdings shares rose by 2.4%, to C$29.07, after logging higher profit as customers bought more per visit which helped lift sales above expectations for the quarter.

Ballard Power Systems shares fell 2.9%, to C$1.69, after the company reported weaker-than-expected revenue growth and softer orders due to trade uncertainty in the first quarter.

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

(END) Dow Jones Newswires

May 06, 2025 12:19 ET (16:19 GMT)

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