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Toronto Stocks Flat; Magna International Falls on Quarterly Disappointment

Stocks in Toronto were flat mid-trading on Friday, as markets closed lower on Thursday. Losses in producer manufacturing and consumer durables offset gains in tech. Magna International's shares fell by 7.6% after disappointing earnings.

by Mark Eisenberg
Fri, Feb 9, 2024 9:11pm
in Stock Market
• 2 mins read
14.8k
Toronto Stocks Flat; Magna International Falls on Quarterly Disappointment | FinOracle

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Canadian Stocks Flat as Market Closes Lower

Stocks in Toronto remained flat during mid-trading on Friday, following modest losses the previous day that pushed the S&P/TSX Composite Index into negative territory for the year. While losses were primarily seen in producer manufacturing, consumer durables, and materials sectors, gains in tech helped offset those losses. Commercial services and tech services followed at a distance.

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Tags: AIARCESCOVID-19EconomyEmploymentEUGrowthInvestorMagna InternationalManufacturingMarketMarket analysisMobile phonePandemicPotentialRevenueSAPSECStock marketTelecommunicationsTelusTorontoUS
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