Toronto Stocks Inch Down; AGF Management Falls on Lower 3Q Earnings

By Adriano Marchese

Toronto stocks were edging lower midday Wednesday. Sector performance was mixed in the session, with gains logged primarily in the materials, retail and utilities sectors. The main laggards were in manufacturing, energy and consumer durables stocks.

Canada's S&P/TSX Composite Index was 0.1% lower at 23938.46. The blue-chip S&P/TSX 60 remained virtually unchanged at 1434.76.

AGF Management shares fell 4% to 8.26 Canadian dollars ($6.15) after it reported lower earnings in the third quarter. The asset manager noted that it has seen early signs of improvement with positive retail net flows and a solid investment performance.

Other market movers:

Dye & Durham's minority activist investor Engine Capital said it will withdraw a request for a special shareholder meeting if the company schedules its annual general meeting in December, as per usual. Engine Capital noted, however, that it will still seek board changes at that meeting. Shares fell 1.8% to C$15.82.

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

(END) Dow Jones Newswires

September 25, 2024 12:14 ET (16:14 GMT)

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