Toronto Stocks Are Higher; SNC-Lavalin Shares Rise on Subsidiary Contract Win

Toronto Stocks Are Higher; SNC-Lavalin Shares Rise on Subsidiary Contract Win

By Adriano Marchese Shares in Toronto were moderately higher mid-trading on Thursday while U.S. markets are closed for Thanksgiving. In the session, losses in non-energy resources and consumer nondurables were outweighed by gains in tech, retail and transportation. Shares in SNC-Lavalin Group Inc. rose after it said its subsidiary secured an $8.4 million contract with a Romanian firm. Canada's S&P/TSX Composite Index was up 0.39% to 21632.07. The blue-chip S&P/TSX 60 was 0.44% higher at 1308.05. SNC-Lavalin Group Inc. shares rose 1.2% to C$33.33 after it said its subsidiary Candu Energy Inc. won a contract to provide engineering services during the preparatory stage of a precursor project to complete CANDU reactor units 3 and 4 in Romania. Other market movers: Shares in Calfrac Well Services Ltd. were up 7.1% to …
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