By Adriano Marchese
Toronto stocks were moderately higher in mid-trading Friday with most sectors trending up while healthcare and tech lagged behind. Shares in Canada Goose Holdings Inc. rose after the company reported a second-quarter adjusted profit while analysts expected of a loss in the period.
At midday, Canada's S&P/TSX Composite Index was up 0.50% at 21449.67 and the blue-chip S&P/TSX 60 rose 0.46% to 1291.16.
Canada Goose Holdings Inc. shares jumped 20% to C$60.48 after it beat analyst expectations in the second quarter, with adjusted earnings in the period reaching C$0.12 a share. According to FactSet, analysts were expecting a loss of C$0.10 a share.
Other market movers:
Enbridge Inc. shares were up 2.7% at C$53.74 after it said profit fell in the third quarter, but beat analyst expectations on an adjusted basis as economies continue to re-open.
Shares in Canopy Growth Corp. tumbled nearly 11% to C$14.75 after it said its loss narrowed in the second quarter of fiscal 2022 as revenue increased in the period, and warned that it expects revenue growth in the second half to be slower than it previously anticipated.
TC Energy Corp. shares were down 2.5% to C$64.97 after it reported a drop in third-quarter profit.
Write to Adriano Marchese at adriano.marchese@wsj.com