By Adriano Marchese
Toronto-listed stocks were slightly lower in midday trading on Monday after getting off to a flat start to begin the trading week.
Sector performance was mixed, with gains seen primarily in health services, retail trade and transportation offset by losses mainly in materials, health tech and process industries.
On the macroeconomic side, producer prices were up 0.8% in March, driven by a recovery in primary non-ferrous metals prices. Canadian companies saw the biggest jump in costs for raw materials in about two years.
Canada’s S&P/TSX Composite Index was down 0.1% to 21779.87 while the blue-chip S&P/TSX 60 was flat at 1307.43.
G Mining Ventures’ shares were fell 14% to 1.95 Canadian dollars ($1.42) after the company struck a deal to buy Reunion Gold for about C$875 million in stock.
Other market movers:
Gildan Activewear has appointed five new board members as part of a board…
