(RTTNews) - After a positive start and a subsequent drop into negative territory, the Canadian market moved above the flatline and remained firm a little past noon on Wednesday. Technology stocks moved higher, contributing substantially to market's upmove. Materials and financials stocks also found good support, while consumer staples stocks were a bit weak. Stocks from other sectors turned in a m...
(RTTNews) - After a positive start and a subsequent drop into negative territory, the Canadian market moved above the flatline and remained firm a little past noon on Wednesday. Technology stocks moved higher, contributing substantially to market's upmove. Materials and financials stocks also found good support, while consumer staples stocks were a bit weak. Stocks from other sectors turned in a mixed performance. Despite ongoing concerns about the tensions in the Middle East, investors picked up shares, tracking higher metal prices. The benchmark S&P/TSX Composite Index was up 192.79 points or 0.57% at 33,977.73 a few minutes past noon. Dye & Durham, up 11.2%, was the biggest gainer in the Technology Capped Index. Bitfarms surged nearly 10%, and Shopify gained nearly 6%. Celestica, Tecsys Inc., Lightspeed Commerce, Blackline Safety Corp., Open Text Corporation, Firan Technology Group and BlackBerry moved up 2%-3.5%. Among materials stocks, Ssr Mining zoomed nearly 13%. Endeavour Silver Corp, G Mining Ventures, Vizsla Silver Corp., Aris Gold Corporation, Methanex, Ivanhoe Mines, First Majestic Silver Corp., Taseko Mines, Capstone Mining Corporation and Torex Gold Resources gained 3%-5%. In the financials sector, Goeasy climbed nearly 4%. Sprott, Brookfield Asset Management, Igm Financial, Onex Corp., Canadian Imperial Bank of Commerce, Bank of Montreal, Manulife Financial, Bank of Nova Scotia, Brookfield Corporation and EQB gained 1%-2.5%. George Weston Limited slipped nearly 4%. The company reported that its net earnings available to common shareholders fell to C$280 million or C$0.72 per share in the fourth quarter, from C$664 million or C$1.68 per share a year earlier, primarily reflecting the unfavourable year-over-year impact of a C$388 million fair value adjustment of the Trust Unit liability. In economic news, data from S&P Global showed the S&P Global Canada Composite PMI recorded 47.1 in February 2026, up from 46.4 in January and remaining below the 50.0 no...