Canadian shares are turning in a mixed performance on Thursday with investors digesting rate cut moves by the Bank of Canada and the European Central Bank, along with the latest economic data. The benchmark S&P/TSX Composite Index was up 41.58 points or 0.2% at 22,186.60 after advancing to 22,234.97. Materials and energy stocks found support, while other sectors were mixed. In economic news, the Ivey Purchasing Managers Index fell to 52 in May from a two-year high of 63, and Canada's trade deficit narrowed to about C$1.05 billion in April as exports surged 2.6% to C$64.5 billion. Among individual movers, Canopy Growth declined 8% after establishing an at-the-market equity program to sell up to $250 million of common shares.
Canopy Growth CorpEstablished an at-the-market equity program to sell up to $250 million of common shares, diluting existing shareholders.