Financial shares

Toronto Stock Dish; IA Financial AUM, AUA shares record high in Q3

By Adriano Marchese

The Toronto indices were virtually flat at noon on Wednesday, with losses in industrial services and energy stocks balancing gains in health technologies and processing industries. The shares of iA Financial Corp. rose after the company said it hit record levels of assets under management and administration in the third quarter, despite stable earnings.

The S & P / TSX Composite Index of Canada rose 0.05% to 21,180.40 and the blue-chip S & P / TSX 60 index lost 0.01% to 1273.23.

IA Financial rose 1.3% to C $ 74.93 after reporting slightly changed earnings for the third quarter, but said it saw a 15% year-over-year increase in assets under management and under administration during the period, reaching record levels.

Other market drivers:

The shares of Parkland Fuel Corp. rose 2.4% to C $ 37.48 after announcing it would expand its presence in the United States by acquiring substantially all of the assets of Florida-based Urbieta Oil Co. and some of its affiliates.

Shares of Cardiol Therapeutics Inc. fell 26% to C $ 3.13 after announcing its intention to raise $ 50.2 million in a public offering by offering 16.4 million units at price of $ 3.07 each.

Write to Adriano Marchese at [email protected]