By Adriano Marchese
Shares in Toronto were relatively flat at midday, with gains in electronic technology stocks offsetting losses in consumer durables. Shares in Restaurant Brands International Inc. fell after the company's revenue in the third quarter missed expectations, despite stronger profit in the period.
At midday, Canada's S&P/TSX Composite Index was down 0.16% at 21251.72 and the blue-chip S&P/TSX 60 was down 0.06% at 1276.41.
Restaurant Brands International shares fell 1.2% to C$72.01 after the parent company of Burger King, Popeyes and Tim Hortons restaurant chains beat profit expectations but missed revenue expectations, as COVID-19 contributed to supply chain and labor challenges.
Other market movers:
Zoomd Technologies Ltd. shares soared by 30% to C$0.52 after the company said it now expects revenue in 2021 to increase more than it previously anticipated as customers increase their marketing budgets.
George Weston Ltd. shares were down 0.5% to C$137.88 on the news that it agreed to sell its fresh and frozen bakery businesses to affiliated entities of FGF Brands Inc. for 1.2 billion Canadian dollars, which is around US$969 million.
Shares in FirstService Corp. fell 1.6% to C$245.73 despite reporting a rise in third-quarter profit, benefiting from higher revenue, despite labor and resource constraints in the period.
Write to Adriano Marchese at adriano.marchese@wsj.com
