Canada stocks rise, Bombardier slips on earnings

SAN FRANCISCO (MarketWatch) -- Canadian stocks gained a little momentum Thursday, with the S&P/TSX composite index adding 37 points, or 0.3%, to 11,818. A 0.6% climb in the information technology sector /zigman2/quotes/210598463/delayed XX:TORGC194 +1.08% and 0.5% rise among metals and mining stocks supported the market. Leading tech stocks, shares of Davis+Henderson Corp. , provider of financial technologies, added 2.5%. Class B shares of Bombardier Inc. /zigman2/quotes/208994866/delayed CA:BBD.B +0.80% stumbled 3.7% after the plane manufacturer posted a 14% lower second-quarter profit. On the upside, Canadian Tire Corp. /zigman2/quotes/205698226/delayed CA:CTC.A -0.78% tacked on 4.6% after reporting its second-quarter earnings rose to C$1.63 a share, from C$1.29 a year ago. In currency trading, the Canadian dollar continued to rise against its U.S. counterpart /zigman2/quotes/210561978/realtime/sampled USDCAD -0.0749% , with one U.S. dollar puchasing C$0.9916 vs. C$0.9943 Wednesday.

/zigman2/quotes/210598463/delayed

Add to watchlist XX:TTTK

S&P/TSX Capped Information Technology Index

XX : Canada: Toronto

185.58

+1.99 +1.08%

Volume: 11.20M

June 9, 2023 5:38p

/zigman2/quotes/208994866/delayed

Add to watchlist CA:BBD.B

Bombardier Inc. Cl B

CA : Canada: Toronto

$ 59.41

+0.47 +0.80%

Volume: 407,663

June 9, 2023 4:00p

P/E Ratio

9.94

Dividend Yield

N/A

Market Cap

$5.88 billion

Rev. per Employee

$594,861

/zigman2/quotes/205698226/delayed

Add to watchlist CA:CTC.A

Canadian Tire Corp. Ltd. Cl A

CA : Canada: Toronto

$ 167.46

-1.31 -0.78%

Volume: 211,351

June 9, 2023 4:00p

P/E Ratio

11.32

Dividend Yield

4.12%

Market Cap

$9.76 billion

Rev. per Employee

$510,906

/zigman2/quotes/210561978/realtime/sampled

Add to watchlist USDCAD

Canadian Dollar

US : Tullett Prebon

1.3350

-0.0010 -0.0749%

Volume: 0.0000

June 9, 2023 4:59p