By Adriano Marchese
Shares in Toronto were higher at midday on Tuesday as most sectors pushed up the S&P/TSX Composite Index by 71.20 points.
Dragging mid-trading were electronic technology and commercial services stocks.
At midday, Canada's S&P/TSX Composite Index was up 0.3% at 21055.73 while the blue-chip S&P/TSX 60 was up 0.3% at 1264.92.
Sleep Country Canada Holdings Inc. shares rose after it announced it had acquired a majority share in Hush Blankets, a specialist in weighted blankets, pillows, sheets, and bed-in-a-box mattresses.
Sleep Country was up 1.5% at C$34.98 after the sleep retailer said it acquired a 52% share of direct-to-consumer sleep retailer Hush Blankets for 25 million Canadian dollars, or US$20.2 million, and that it will acquire the rest of Hush in annual 16%-stake increments thereafter, starting at the end of March 2023.
Other market movers:
Crombie Real Estate Investment Trust shares were up 2% to C$34.98 after it announced it agreed to sell a 50% stake in a customer fulfilment center in Quebec.
TUT Fitness Group Inc. was up 3.2% at midday at C$0.32 on the news that its products would be sold on Best Buy Canada's e-commerce store after signing a retail distribution agreement.
Axis Auto Finance Inc. climbed 1.9% to C$0.53 after announcing it received a 15 million Canadian dollars, roughly US$12.1 million, investment by NowLake Technology LLC and it will get a new board member as part of the agreement.
Write to Adriano Marchese at adriano.marchese@wsj.com
