By Adriano Marchese
Toronto stocks began the week on a positive footing, rising slightly while Trump tariffs continue to weigh on investor sentiment.
Most sectors were in the green, with health services, consumer services and retail stocks leading the gainers. Consumer durables, tech and materials stocks were the main laggards.
At midday Monday, Canada's S&P/TSX Composite Index rose by 0.2% to 24815.46 and the blue-chip S&P/TSX 60 increased by 0.3% to 1489.95.
WELL Health Technologies fell 23% to 3.83 Canadian dollars ($2.67) after the company said that it will delay filing its year-end results because of complications with its U.S. subsidiary, Circle Medical Technologies.
Other market movers:
Shares in Canada Goose Holdings fell by 4.9% to C$11.20 after Barclays downgraded the Canadian winter apparel retailer to underweight from equal weight on the back of higher competitive pressures and tariff uncertainties.
Bank of Nova Scotia shares declined by 0.6% to C$67.97, bucking the broader Canadian banking sector, which was higher, after BofA downgraded the stock to a neutral stance from a previous buy rating on trade tensions weighing on the bank's operating outlook.
Westport Fuel Systems shares were 5% lower at C$5.29 after it said it intends to divest certain subsidiaries amid a tighter cash constraints.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
March 31, 2025 12:22 ET (16:22 GMT)
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