Canada stocks fall; Bombardier up on CSR deal

SAN FRANCISCO (MarketWatch) -- Toronto's benchmark equities index slipped 42 points, or 0.4%, to 11,871 Thursday, tracking U.S. markets following a weak Institute for Supply Management report. A 1% loss in the materials sector /zigman2/quotes/210598474/delayed XX:TORGC195 +1.40% and 0.46% decline in metals and mining stocks pressured the market. Most gold miners struggled, with shares of Kinross Gold Corp. /zigman2/quotes/200423011/delayed CA:K -0.32% slipping 3.7% and Novagold Resources /zigman2/quotes/202931372/delayed CA:NG +0.48% falling 3.8%. In corporate news, plane and train manufacturer Bombardier /zigman2/quotes/208994866/delayed CA:BBD.B +2.44% announced Thursday a technology licence agreement with CSR Puzhen, a subsidiary of China South Locomotive & Rolling Stock Corporation Ltd. Bombardier's stock added as much as 1.7% following the news. The greenback rose against its Canadian counterpart /zigman2/quotes/210561978/realtime/sampled USDCAD +0.0676% , with one U.S. dollar buying C$1.0147 vs. C$1.0133 Wednesday.

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Canada stocks down on central bank action

/zigman2/quotes/210598474/delayed

Add to watchlist XX:TTMT

S&P/TSX Capped Materials Index

XX : Canada: Toronto

362.64

+5.00 +1.40%

Volume: 51.94M

Jan. 31, 2023 5:00p

/zigman2/quotes/200423011/delayed

Add to watchlist CA:K

Kinross Gold Corp.

CA : Canada: Toronto

$ 6.19

-0.02 -0.32%

Volume: 2.87M

Jan. 31, 2023 4:16p

P/E Ratio

N/A

Dividend Yield

2.63%

Market Cap

$7.80 billion

Rev. per Employee

N/A

/zigman2/quotes/202931372/delayed

Add to watchlist CA:NG

NovaGold Resources Inc.

CA : Canada: Toronto

$ 8.40

+0.04 +0.48%

Volume: 183,302

Jan. 31, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$2.79 billion

Rev. per Employee

N/A

/zigman2/quotes/208994866/delayed

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Bombardier Inc. Cl B

CA : Canada: Toronto

$ 64.27

+1.53 +2.44%

Volume: 560,359

Jan. 31, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$5.89 billion

Rev. per Employee

N/A

/zigman2/quotes/210561978/realtime/sampled

Add to watchlist USDCAD

Canadian Dollar

US : Tullett Prebon

1.3317

+0.0009 +0.0676%

Volume: 0.0000

Jan. 31, 2023 10:29p