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TSX Rises on Boost from Energy Stocks; Roots Delivers Earnings Miss

Published 2023-09-12, 02:49 p/m
Updated 2023-09-12, 02:49 p/m
© Reuters

By Ketki Saxena

Investing.com -- Canada's main stock index, the S&P/TSX Composite index traded on a positive note today, supported by gains in energy stocks as crude prices continued to rise following OPEC+s upbeat oil demand growth forecast.

Wall Street indices meanwhile fell, as investors remained cautious ahead of US Inflation data.

Toronto Stock Market News

Roots Corp (TSX:ROOT). reported a loss of $5.3 million, compared with a loss of $3.2 million a year earlier. The loss amounted to 13 cents per, compared with a loss of eight cents per share in the same quarter last year. Revenue totalled $49.4 million, up from $47.8 million a year earlier.

SNC-Lavalin (TSX:SNC) announced it will change its name to AtkinsRéalis as it seeks to rebrand and move away from a decade market by a backlog of overbudget rail contracts and scandals, such as the Libya corruption scandal, which weighed heavily on its reputation. The company's symbol on the Toronto Stock Exchange will also change from SNC to ATRL on Monday, Sept. 18.

Toronto Stocks Moving Markets Today

Top Gainers on the TSX Today: 

  • Vermilion Energy (TSX:VET)
  • Baytex Energy (TSX:BTE)
  • Tamarack Valley (TSX:TVE)

Top Losers on the TSX Today: 

  • Tilray (TSX:TLRY)
  • First Quantum (TSX:FM)
  • Nuvei (TSX:NVEI)

In Canadian Economics 

No major Canadian economic data expected

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