By Adriano Marchese
Shares in Toronto were down mid-trading on the last day of the week with producer manufacturing and process industries stocks dragging in Friday's session. Transcontinental Inc. said it had named Peter Brues to replace its long-time president and chief executive, Francois Olivier, set to retire on Dec. 9, which pushed up the stock.
At midday, Canada's S&P/TSX Composite Index was down 0.34% at 20391.96, while the blue-chip S&P/TSX 60 slipped 0.36% 1220.44.
Shares in Transcontinental Inc. were up 1.4% at C$20.90 after the company said President and Chief Executive Francois Olivier will retire on Dec. 9, after 28 years with the company, that he will be replaced by Peter Brues, a current member of the board and chair of the audit committee.
Other market movers:
Pipestone Energy Corp. rose 2.7% to C$2.66 after the company said Riverstone V REL CNOR LP has acquired 47.2 million of its common shares, representing a stake of around 24.6%.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
09-24-21 1217ET
