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Home stocks Toronto Shares Climb; Voyager Digital Continues Decline After Suspending Buying and selling on its Platform

Toronto Shares Climb; Voyager Digital Continues Decline After Suspending Buying and selling on its Platform

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Toronto Shares Climb; Voyager Digital Continues Decline After Suspending Buying and selling on its Platform

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By Adriano Marchese

Canadian shares have been firmly greater mid-trading on Monday whereas U.S. markets are closed for Independence Day. Within the session, most sectors have been greater, led by the vitality and shopper companies sectors whereas producer manufacturing and shopper non-durables led the few laggards. Voyager Digital Ltd. continued its fall after the corporate stated it briefly suspended buying and selling, deposits, withdrawals and loyalty rewards because it scrambles to pursue Three Arrows Capital for what it’s owed.

At noon, Canada’s S&P/TSX Composite Index rose by 1.08% to 19064.77 and the blue-chip S&P/TSX 60 was 1.08% greater at 1158.78.

Shares in Voyager Digital Ltd. have been 33% decrease at C$0.39 after it stated on Friday whereas Canadian markets have been closed for Canada Day that it will briefly droop the options to protect the worth of the platform whereas it continued to search for strategic options with numerous events.

Different market movers:

Vermilion Power Inc. shares have been 9.4% greater at C$26.80 after it stated that the Toronto Inventory Trade has permitted its plan to start a buyback program for round 10% of its public float over the course of a one-year interval.

Shares in Cathedral Power Companies Ltd. rose by 36% to C$0.68 after it stated it agreed to amass the privately held directional drilling companies enterprise of a portfolio firm of Black Bay Power Capital LLC within the U.S. for round $100 million.

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

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