- Wednesday, October 16, 2024
In midday trading on Friday, stocks in Toronto showed little change, settling down after a morning surge. The Canadian Real Estate Association reported a 1.9% drop in September's existing home sales compared to the previous month, although this decline was less severe than August's.
The tech, process industries, and commercial services sectors experienced downward trends, while materials, energy, and communications showed modest gains.
Canada's S&P/TSX Composite Index stood at 19,517.75, experiencing a slight increase of 0.09%. The blue-chip S&P/TSX 60 saw a marginal rise of 0.01%, reaching 1,172.67.
Lundin Gold witnessed a significant increase of 9.4%, with shares priced at CAD 16.66 (USD 12.17). The company announced that it is on track to meet its 2023 production goal after surpassing expectations with gold production of 112,212 ounces in the third quarter.
Other notable market movements include Barrick Gold, which experienced a 3.9% rise to CAD 21.52 following the receipt of a special mining lease from Papua New Guinea's governor general, allowing operations to resume. Additionally, Genifi shares climbed 20% to CAD 0.03 after licensing its digital identity platform.
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