By Adriano Marchese
Canadian stocks were slightly lower on Wednesday mid-trading. In the session, gains in process industries were outweighed by declines in tech services and consumer durables stocks. Shares in Nomad Royalty Co. were higher after announcing a gold purchase agreement with Ivanplats (Pty) Ltd. for $75 million.
At midday, Canada's S&P/TSX Composite Index was down 0.50% at 21056.54. The blue-chip S&P/TSX 60 was also down 0.43% at 1275.95.
Nomad Royalty Co. shares were 4.7% higher at C$9.89 after it said it will provide $75 million in gold stream funding to Ivanplats as part of a $200 million gold stream co-investment with Orion Mine Finance. Payments will be made until 350,000 ounces of gold have been delivered, of which 131,250 will be attributable to Nomad.
Other market movers:
Dollarama Inc. shares fell 0.9% to C$56.99 despite reporting earnings per share of C$0.61, up from C$0.52 a year earlier, on sales of C$1.12 billion, which rose from C$1.06 billion.
Write to Adriano Marchese at firstname.lastname@example.org
(END) Dow Jones Newswires