By Adriano Marchese
Toronto's indexes continued the rally mid-trading on Thursday after a gold-price-led decline earlier in the week. Most sectors were trending positively in the session, led by process industries, energy and tech stocks. These offset declines in consumer services, transportation, consumer discretionary and utilities.
Manufacturing activity in Canada rebounded last month, rising an estimated 2.8% thanks to a jump in sales as factories show signs of recovering from the uncertainty of U.S. tariffs.
On the retail front, retail sales in Canada rose 1% in August, led by increased trade at motor-vehicle-and-parts dealers.
Canada's S&P/TSX Composite Index rose 0.7% to 301177.38 and the blue-chip S&P/TSX 60 advanced by 0.6% to 1778.73.
Shares in FirstService fell by 5.9% to 242.86 Canadian dollars after the residential-property-management company reported weakness in its restoration and roofing activity in the third quarter, which dragged on profit.
Other market movers:
Dye & Durham shares fell 17% to C$4.33 after the company said its financial adviser resigned from overseeing its strategic review as the company deals with a standoff with activist shareholder Plantro.
Rogers Communications logged a higher profit in the third quarter thanks to the addition of new customers to its mobile and internet services, which gave a boost to revenue growth. Shares rose 0.9% to C$52.74.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
October 23, 2025 12:10 ET (16:10 GMT)
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