By Adriano Marchese


Canadian stocks were declining on Tuesday, with the S&P/TSX Composite Index tracking 115.53 points lower. Most sectors in the session were trending downward, led by tech and process industries stocks, while consumer durables led the few gainers. Restaurant Brands International Inc. shares fell after the company reported lower levels of sales growth in its fourth quarter than a year earlier.

Canada's S&P/TSX Composite Index slid 0.53% at 20591.79 and the blue-chip S&P/TSX 60 fell by 0.59% at 1242.39.

Restaurant Brands International Inc. shares were down 2.7% at 88.87 Canadian dollars ($66.65) after it said that across its main brands, which include Tim Hortons and Burger King, consolidated system-wide sales grew by 11.8%, lower than a year ago when it reported a growth rate of 13.8%.


Other market movers:

CAE Inc. shares rose 4.3% to C$31.49 after reporting a jump in third-quarter profit and a strong performance from its civil aviation unit.

Neighbourly Pharmacy Inc. shares were 3.3% lower at C$22.49 after it said its loss widened in the third quarter of fiscal 2023 but sales that nearly doubled and beat expectations.


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


(END) Dow Jones Newswires

02-14-23 1218ET