By Adriano Marchese


Toronto-listed stocks were virtually flat on Monday, mid-trading, as investors await Tuesday's inflation report.

According to FactSet, analysts expect headline inflation to be above 3%.

Sector performance was mixed in the session, with communications, materials and health services the main decliners, offset by gains in tech services, tech and process industries stocks.

At midday, Canada's S&P/TSX Composite Index was 0.01% higher, at 21850.61, and the blue-chip S&P/TSX 60 was down by 0.09%, to 1315.96.

Shares in Nuvei were trading 33% higher, at 39.04 Canadian dollar (US$28.82) after a report over the weekend said the Canadian payments processor, which is backed by actor Ryan Reynolds, was close to a buyout deal by a private equity firm.


Other market movers:

Shares of Global Atomic fell by 28%, to C$2.25, after the military junta in Niger, where the company operates a uranium mine, ended its military cooperation with the U.S.

Shares in ADENTRA rose by 4.5%, to C$35.88, after reporting better-than-expected earnings and revenue in the fourth quarter.

MCF Energy shares were 11% higher, at C$0.30, after the company said it encountered a new gas discovery at its operations in Austria.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

03-18-24 1224ET