Toronto Stocks Climb, MDA Rises on New Digital Satellite Constellation Contract

By Adriano Marchese

Stocks in Toronto were higher on Friday.

Statistics Canada's industrial product price index, which tracks prices that manufacturers receive after goods leave the plant, fell 1.0% in October after edging up 0.4% in September.

Most sectors were in positive territory, led by energy, health tech and tech. Losses were in the consumer durables sector, and minor losses logged in commercial services and transportation.

Canada's S&P/TSX Composite Index climbed 0.56% to 20164.62 and the blue-chip S&P/TSX 60 was 0.61% higher at 1216.72.

MDA shares were 5.4% higher at 11.50 Canadian dollars ($8.36). The company said it has begun work on its C$180 million satellite constellation contract for an unidentified client.

Other market movers:

Canadian Pacific Kansas City said it is reviewing a draft decree issued by Mexico's government aimed at driving passenger traffic on rail lines, but doesn't expect an adverse impact on its concession in the country. Shares are down 0.7% at C$97.91.

BlackBerry secured a long-term software and services agreement aimed at strengthening Malaysia's cybersecurity. Shares are up 0.4% to C$4.98.

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

(END) Dow Jones Newswires

November 17, 2023 12:28 ET (17:28 GMT)

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