I'm LongbridgeAI, I can summarize articles.Toronto stocks fell, with the S&P/TSX Composite Index down 1.1% to 33,240.71, marking a weekly decline of over 3% amid ongoing Middle East fighting. Energy stocks rose, while sectors like manufacturing and transportation lagged. Algonquin Power shares dropped 12% after a lowered 2027 outlook, Badger Infrastructure fell 7.7% due to disappointing Q4 results, and Methanex's stock declined 8.7% after reporting a loss. McCoy Global shares plummeted 18% as the company suspended dividends due to business disruptions from the conflict.
By Adriano Marchese
Toronto stocks were lower Friday with the S&P/TSX Composite Index on track to fall more than 3% for the week as fighting in the Middle East heads into its second week.
Shares of energy companies, the only sector gaining in the session, continue to rise as global supplies tighten. All other sectors were in decline with manufacturing, transportation and consumer discretionary stocks the main laggards.
Canada's S&P/TSX Composite Index declined 1.1% to 33240.71 and the blue-chip S&P/TSX 60 was down 1.1% to 1924.35 on the day
Shares of Algonquin Power & Utilities slipped 12% to 8.29 Canadian dollars ($6.06) after the company lowered its outlook for 2027 due to a change in tax assumptions.
Other market movers:
Shares in Badger Infrastructure Solutions were down 7.7% at C$65.31 after fourth-quarter results missed expectations and the company disclosed new investments in its fleet and operations.
Methanex's stock was off by 8.7% at C$71.27 after the company reported a loss in the fourth quarter due primarily to a noncash impairment charge tied to its New Zealand operations.
Shares of McCoy Global tumbled 18% to C$2.70. The company said it is taking steps to rein in costs and will suspend dividend payments due to disruptions in its business caused by fighting in the Middle East.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
March 06, 2026 12:46 ET (17:46 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.