By Adriano Marchese


Toronto-listed stocks were trading firmly lower Tuesday at midday.

On the housing front, the value of Canadian building permits soared by over 20% in April. The climb was backed by record high levels of multi-unit residential construction plans and a rise in intentions in the country's western-most province.

Nearly all sectors were trending lower, led by process industries, materials and producer manufacturing. Only consumer discretionary stocks were up, though only slightly.

Mid-trading, Canada's S&P/TSX Composite Index was down 0.7%, to 21922.72, and the blue-chip S&P/TSX 60 fell by 0.6%, to 1310.31.

Copperleaf Technologies' shares rose by nearly 17%, to 11.86 Canadian dollars (US$8.62), after a definitive deal worth about C$1 billion was signed to be taken over by software company Industrial & Financial Systems.


Other market movers:

Enghouse Systems shares rose by 4.5%, to C$30.50, after the company reported higher profit in its second quarter as it continues to acquire and integrate new companies.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

06-11-24 1224ET