By Adriano Marchese

Toronto stocks were fell mid-trading on Wednesday after a rocky start to the trading day. Most sectors were slightly higher, led by retail, transportation and consumer discretionary, but these were offset by larger losses in tech and materials stocks. Commercial services was also lower.

Activity in Canada's services industry contracted even more sharply in January, extending a downturn as tariffs and broader uncertainty continue to weigh heavily, according to the S&P Global Canada services purchasing managers index.

Canada's S&P/TSX Composite Index fell 0.4% to 32270.76 and the blue-chip S&P/TSX 60 fell by 0.2% to 1870.45.

ATS shares rose by 5.5% to 40.85 Canadian dollars ($29.94) after the company delivered a beat on revenue in its third quarter alongside a rebound in bookings.

Other market movers:

FirstService's revenue was slightly higher in the fourth quarter gains in its residential segment offset softer home- and property-services performance. Shares rose 5.2% to C$221.61.

Alamos Gold laid out plans to ramp up production by about 46% over the coming three years and to roughly 1 million troy ounces annually by 2030. Shares rose 5.9% to C$55.33.

Aurora Cannabis shares fell by 8.8% to C$5.06 after it posted a loss in the third quarter and said it will exit parts of its consumer cannabis business to focus on the more lucrative medical segment.

Brookfield Asset Management named Connor Teskey as successor to long-serving Chief Executive Bruce Flatt, who will remain chairman as well as CEO of parent Brookfield. Shares rose 4% to C$67.07.

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

(END) Dow Jones Newswires

February 04, 2026 12:24 ET (17:24 GMT)

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