By Adriano Marchese
The stock market in Toronto saw modest gains during mid-trading on Friday. While the tech and consumer durables sectors experienced some lag, the materials and energy sectors made gains. It’s important to note that U.S. markets will be closed on Monday for the Martin Luther King Jr. holiday, but Canadian markets will remain open as usual.
Key Indexes
Canada’s S&P/TSX Composite Index increased by 0.25% at midday, reaching 20972.73. Additionally, the blue-chip S&P/TSX 60 rose by 0.21% to 1265.25.
Hut 8’s Credit Facility Update
Hut 8, a digital-asset miner, saw its shares decrease by nearly 11% to 13.47 Canadian dollars ($10.06) following an amendment of its credit facility with Coinbase Global. The extension includes an additional loan of $15 million.
Other Market Updates
- Canada Nickel shares rose by 5.1% to C$1.66 after Samsung SDI invested $18.5 million to acquire a nearly 9% stake in the company.
- Corus Entertainment reported a rise in profit for the first fiscal quarter, despite a decrease in revenue due to lower TV ad revenue. Shares of Corus Entertainment increased by 9.9% to C$0.78.
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