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TSX Declines; Secure Energy Stock Jumps; Gildan Activewear Slides

Published Dec 11, 2023 14:33
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By Ketki Saxena

Investing.com – Canada’s main stock index, the S&P/TSX Composite index traded in the red, even as Wall Street indices rebounded to trade on a positive note by afternoon trading.

Investor sentiment remained cautious ahead of key economic data, including US CPI on Tuesday, and an interest rate decision from the US Federal Reserve on Wednesday. Decisions from the Bank of England and the European Central Bank are also due this week.

Toronto Stock Market News

Secure Energy Services (TSX:SES) shares rose after the company agreed to $1.08 billion deal to sell 30 energy waste treatment and disposal facilities to Waste Connections (TSX:WCN).

Manulife Financial (TSX:MFC) shares rose after the company announced it had it agreed to a $13 billion reinsurance deal with Global Atlantic. The deal is expected to release $1.2 billion of capital, which Manulife plans to use for share buybacks.

Gildan Activewear (TSX:GIL) shares fell after the company announced the appointment of a new CEO: outsider Vince Tyra, replacing cofounder of the company and long-time head Glenn Chamandy. In a statement, Chamandy alleged that his contract was terminated without cause.

BlackBerry (TSX:BB) announced the appointment of a new CEO: the current head of its cybersecurity unit, John Giamatteo. The company has also cancelled a plan spin off its Internet of Things (IoT) business.

For all earnings, view our earnings calendar.

Toronto Stocks Moving Markets Today

Top Gainers on the TSX Today:

  • Secure Energy Services Inc . (TSX:SES)
  • Manulife Financial Corp (TSX:MFC)
  • ATS Corporation (TSX:ATS)

Top Losers on the TSX Today:

  • Gildan Activewear Inc. (TSX:GIL)
  • Lithium Americas (TSX:LAAC)
  • NovaGold (TSX:NG)

For all Toronto Stocks Moving Markets today, view our Canada Markets Page.

In Canadian Economics

No major Canadian Economic Data is expected.

For all Canadian economic releases, view our economic calendar.

All currencies Canadian Dollar unless noted otherwise.

TSX Declines; Secure Energy Stock Jumps; Gildan Activewear Slides
 

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