Toronto stocks rose slightly; Cargojet rises on the DHL agreement
By Adriano Marchese
Canadian equities were slightly higher on Tuesday in the middle of the session, with most sectors posting gains during the session. Energy was the biggest laggard, while producer manufacturing and healthcare technology were among the leaders. Shares of Cargojet Inc. rose after it announced it had signed an agreement to provide air transport services to logistics provider DHL Network Operations (USA) Inc. for up to seven years.
By noon, Canada’s S&P/TSX Composite Index was up 0.14% at 22008.29. The blue-chip S&P/TSX 60 rose 0.05% to 1331.76.
Cargojet shares rose 8.2% to C$176.87 after announcing a long-term strategic agreement with DHL Network Operations (USA) Inc., a subsidiary of the German parcel delivery company and supply chain management Deutsche Post DHL Group, for a period of five years. years with an option to extend it to seven years.
Other market drivers:
The shares of Bausch Health Cos. rose 3.2% to C$29.17 after the company announced a $200 million payment for its senior secured term loans on March 31.
Shares of Mountain Province Diamonds Inc. rose 6% to C$0.88 after the company announced the reversal of a C$240.6 million impairment charge in the fourth quarter, boosting profits.
Shares of Denison Mines Corp. rose 5.2% to C$2.04 after the company announced the discovery of high-grade uranium deposits on its joint venture property in Saskatchewan.
Write to Adriano Marchese at [email protected]
(END) Dow Jones Newswire
March 29, 2022 12:18 p.m. ET (4:18 p.m. GMT)
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