Toronto Stocks Edge Higher; Air Canada Shares Gain Altitude on 1Q Beats, Better-Than-Feared Guidance

Dow Jones

10 May

By Adriano Marchese

Toronto stocks were mildly higher in midday trading Friday, with a mixed sector performance. Communications stocks led the gainers, followed by materials stocks and transportation, as telecom company Telus and Air Canada reported better-than-expected results in their first quarter. This was offset by losses in process industries, tech services and industrial services stocks.

On the broader economic front, unemployment in Canada rose for a second month in April, up 0.2% to 6.9%, the highest level since November, in part as the country continued to lose more manufacturing jobs.

At midday, Canada's S&P/TSX Composite Index edged 0.2% higher to 25312.38 and the blue-chip S&P/TSX 60 rose 0.2% to 1519.34.

Air Canada shares rose by 14% to 17.44 Canadian dollars ($12.52) after the flagship airline reported better-than-feared results in the first quarter. The company also trimmed parts of its outlook for the year, falling more closely in line with analyst forecasts.

Other market movers:

Shares of Telus rose 6.4% to C$22.12 after the company reported better-than-expected results in a quarter marked by macro uncertainty. Management hinted at a cautiously optimistic outlook for the year amid broader economic and trade uncertainty.

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

(END) Dow Jones Newswires

May 09, 2025 12:02 ET (16:02 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Communications stocks led the gainers, followed by materials stocks and transportation, as telecom company Telus and Air Canada reported better-than-expected results in their first quarter. This was offset by losses in process industries, tech services and industrial services stocks. \n</p>\n<p>\n  On the broader economic front, unemployment in Canada rose for a second month in April, up 0.2% to 6.9%, the highest level since November, in part as the country continued to lose more manufacturing jobs. \n</p>\n<p>\n  At midday, Canada's S&amp;P/TSX Composite Index edged 0.2% higher to 25312.38 and the blue-chip S&amp;P/TSX 60 rose 0.2% to 1519.34. \n</p>\n<p>\n  Air Canada shares rose by 14% to 17.44 Canadian dollars ($12.52) after the flagship airline reported better-than-feared results in the first quarter. The company also trimmed parts of its outlook for the year, falling more closely in line with analyst forecasts. \n</p>\n<pre>\n \n</pre>\n<p>\n  Other market movers: \n</p>\n<p>\n  Shares of Telus rose 6.4% to C$22.12 after the company reported better-than-expected results in a quarter marked by macro uncertainty. Management hinted at a cautiously optimistic outlook for the year amid broader economic and trade uncertainty. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 09, 2025 12:02 ET (16:02 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2534373284","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534373284","pubTimestamp":1746806520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Toronto stocks were mildly higher in midday trading Friday, with a mixed sector performance. Communications stocks led the gainers, followed by materials stocks and transportation, as telecom company Telus and Air Canada reported better-than-expected results in their first quarter. This was offset by losses in process industries, tech services and industrial services stocks.On the broader economic front, unemployment in Canada rose for a second month in April, up 0.2% to 6.9%, the highest level since November, in part as the country continued to lose more manufacturing jobs.At midday, Canada's S&P/TSX Composite Index edged 0.2% higher to 25312.38 and the blue-chip S&P/TSX 60 rose 0.2% to 1519.34.Air Canada shares rose by 14% to 17.44 Canadian dollars  after the flagship airline reported better-than-feared results in the first quarter. The company also trimmed parts of its outlook for the year, falling more closely in line with analyst forecasts.Shares of Telus rose 6.4% to C$22.12 afte","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"多伦多股市小幅走高；加拿大航空股价在第一季度上涨，指引好于预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACDVF":1},"content_text":"By Adriano Marchese \n\n\n \n\n\n  Toronto stocks were mildly higher in midday trading Friday, with a mixed sector performance. Communications stocks led the gainers, followed by materials stocks and transportation, as telecom company Telus and Air Canada reported better-than-expected results in their first quarter. This was offset by losses in process industries, tech services and industrial services stocks. \n\n\n  On the broader economic front, unemployment in Canada rose for a second month in April, up 0.2% to 6.9%, the highest level since November, in part as the country continued to lose more manufacturing jobs. \n\n\n  At midday, Canada's S&P/TSX Composite Index edged 0.2% higher to 25312.38 and the blue-chip S&P/TSX 60 rose 0.2% to 1519.34. \n\n\n  Air Canada shares rose by 14% to 17.44 Canadian dollars ($12.52) after the flagship airline reported better-than-feared results in the first quarter. The company also trimmed parts of its outlook for the year, falling more closely in line with analyst forecasts. \n\n\n \n\n\n  Other market movers: \n\n\n  Shares of Telus rose 6.4% to C$22.12 after the company reported better-than-expected results in a quarter marked by macro uncertainty. Management hinted at a cautiously optimistic outlook for the year amid broader economic and trade uncertainty. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 09, 2025 12:02 ET (16:02 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}