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Toronto Stocks Rise; Aritzia Shares Drop on Inventory Concerns in 3Q

Posted on AllSides January 12th, 2023
From The Center

Stocks in Toronto were moderately higher in midday trading Thursday after briefly dipping into red territory earlier in the morning. In the session, energy and tech were the main leading sectors, while retail trade was the outsized laggard. The sector was largely down as shares of women's fashion brand Aritzia Inc. fell after reporting higher costs and a larger inventory in its third quarter. At midday, Canada's S&P/TSX Composite Index inched up 0.39% to 20103.20, and the blue-chip S&P/TSX 60 was 0.39% higher at 1209.68. Shares of Aritzia Inc. were...

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