Toronto Stocks Advance; Ensign Energy Services Down on 1Q Revenue Miss

By Adriano Marchese

Toronto-listed stocks started the week firmly higher Monday at midday.

Sector performance was largely trending higher, with materials, energy and tech stocks leading the gainers. Of the few decliners, only health tech and health services saw relatively larger drops.

Canada's S&P/TSX Composite Index rose by 0.8%, to 22150.79, and the blue-chip S&P/TSX 60 was 0.9% higher, at 1327.26.

Ensign Energy Services were 8% lower, at 2.30 Canadian dollars (US$1.68), after reporting a decline in revenue in the first quarter, missing targets. The lower revenue was due largely to lower U.S. and international drilling.

Other market movers:

Brookfield Asset Management will make a roughly US$1.5 billion investment in Castlelake and will gain a 51% stake in the asset manager's fee-related earnings. The move aims to create a partnership to expand Castlelake's investment business. Brookfield shares are up 1.1%, to C$54.11.

Write to Adriano Marchese at [e-mail]

(END) Dow Jones Newswires

05-06-24 1223ET