Canadian Stocks Turning In Mixed Performance; TSX Down Marginally
(RTTNews) - Canadian stocks are turning in a mixed performance on Monday, with investors reacting earnings announcements and economic updates, in addition to weighing the recent trade talks between top Canadian and U.S. officials.
Consumer discretionary and financials shares are finding some support, while consumer staples, technology, communications and industrials shares are mostly weak.
Data from S&P Global showed the S&P Global Canada Manufacturing PMI climbed to 49.6 in October from 47.7 in September, signalling just a marginal deterioration and the slowest contraction since January 2025.
The benchmark S&P/TSX Composite Index was down 25.72 points or 0.09% at 30,235.02 a little while ago.
NexGen Energy is down more than 6%. Methanex is declining by about 4.8%, while WinPak, Ero Copper, Ivanhoe Mines, Constellation Software, First Quantum Minerals, First Majestic Silver, B2Gold Corp., Bausch Health Companies, Seabridge Gold, Fairfax Financials and CAE are down 2 to 4%.
Meanwhile, Gran Tierra Energy is rising 6.5%, Magna International, Parex Resources, Capital Power, Brookfield Renewable and Air Canada are gaining 3 to 5%.
Cogeco, Advantage Oil & Gas, Bombardier, Manulife Financial, Birchcliff Energy, Nuvista Energy, Canadian Imperial Bank of Commerce, Thomson Reuters and Martinrea International are also notably higher.
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