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By Adriano Marchese
Stocks in Canada were mildly higher Wednesday mid-trading. In the session, the Canadian energy and materials sectors posted the largest declines offsetting primary gains in health technology and tech stocks. Shares of Colliers International Group Inc. reported beat analyst expectations on earnings and revenue and said it expects a better-than-expected performance in 2022.
Canada’s S&P/TSX Composite Index rose by 0.18% to 19541.16. The blue-chip S&P/TSX 60 was up 0.29% to 1180.65.
Colliers shares rose 2.4% to C$162.05 after it said adjusted earnings were $1.84 a share, beating analysts’ forecast of $1.69 a share, while sales rose to $1.13 billion from $946 million, topping expectations of $1.02 billion. Colliers also said recent acquisition and strong results to-date will support a better-than-expected performance in 2022.
Other market movers:
Canaccord Genuity Group Inc. shares were 5.6% higher at C$10.37 after it said it is expanding its global advisory business through the acquisition of U.K.-based Results International Group LLP for an undisclosed sum.
Paramount Resources Ltd. increased its full-year sales guidance as it expects to benefit from the addition of more Duvernay lands at its Willesden Green holdings in Alberta. Shares were down 7.5% to C$28.13.
Shares in Dye & Durham Ltd. were slightly lower, down 0.7% at C$18.70, after it said that it is considering appealing a U.K. regulator’s decision to force the sale of recently-acquired TM Group (UK) Ltd.
Write to Adriano Marchese at [email protected]
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By Adriano Marchese
Stocks in Canada were mildly higher Wednesday mid-trading. In the session, the Canadian energy and materials sectors posted the largest declines offsetting primary gains in health technology and tech stocks. Shares of Colliers International Group Inc. reported beat analyst expectations on earnings and revenue and said it expects a better-than-expected performance in 2022.
Canada’s S&P/TSX Composite Index rose by 0.18% to 19541.16. The blue-chip S&P/TSX 60 was up 0.29% to 1180.65.
Colliers shares rose 2.4% to C$162.05 after it said adjusted earnings were $1.84 a share, beating analysts’ forecast of $1.69 a share, while sales rose to $1.13 billion from $946 million, topping expectations of $1.02 billion. Colliers also said recent acquisition and strong results to-date will support a better-than-expected performance in 2022.
Other market movers:
Canaccord Genuity Group Inc. shares were 5.6% higher at C$10.37 after it said it is expanding its global advisory business through the acquisition of U.K.-based Results International Group LLP for an undisclosed sum.
Paramount Resources Ltd. increased its full-year sales guidance as it expects to benefit from the addition of more Duvernay lands at its Willesden Green holdings in Alberta. Shares were down 7.5% to C$28.13.
Shares in Dye & Durham Ltd. were slightly lower, down 0.7% at C$18.70, after it said that it is considering appealing a U.K. regulator’s decision to force the sale of recently-acquired TM Group (UK) Ltd.
Write to Adriano Marchese at [email protected]
