Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 

Toronto Stocks Climb; Sleep Country Canada Rises on Hush Blankets Acquisition

10/19/2021 | 10:19am EST

By Adriano Marchese

Shares in Toronto were higher at midday on Tuesday as most sectors pushed up the S&P/TSX Composite Index by 71.20 points.

Dragging mid-trading were electronic technology and commercial services stocks.

At midday, Canada's S&P/TSX Composite Index was up 0.3% at 21055.73 while the blue-chip S&P/TSX 60 was up 0.3% at 1264.92.

Sleep Country Canada Holdings Inc. shares rose after it announced it had acquired a majority share in Hush Blankets, a specialist in weighted blankets, pillows, sheets, and bed-in-a-box mattresses.

Sleep Country was up 1.5% at C$34.98 after the sleep retailer said it acquired a 52% share of direct-to-consumer sleep retailer Hush Blankets for 25 million Canadian dollars, or US$20.2 million, and that it will acquire the rest of Hush in annual 16%-stake increments thereafter, starting at the end of March 2023.

Other market movers:

Crombie Real Estate Investment Trust shares were up 2% to C$34.98 after it announced it agreed to sell a 50% stake in a customer fulfilment center in Quebec.

TUT Fitness Group Inc. was up 3.2% at midday at C$0.32 on the news that its products would be sold on Best Buy Canada's e-commerce store after signing a retail distribution agreement.

Axis Auto Finance Inc. climbed 1.9% to C$0.53 after announcing it received a 15 million Canadian dollars, roughly US$12.1 million, investment by NowLake Technology LLC and it will get a new board member as part of the agreement.

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

(END) Dow Jones Newswires

10-19-21 1219ET

Latest news "Markets"
08:10aFTSE Gains, Pound Oversold Due to External Factors, Repricing of Rate Bets
DJ
07:31aWALL STREET STOCK EXCHANGE : European, U.S. stocks stage tentative rebound
RE
07:30aTSX futures up as easing Omicron fears lift oil prices
RE
06:34aEUROPEAN MIDDAY BRIEFING - Stocks, Oil Rise on Hopes of Milder Covid Variant
DJ
06:33aEUROPEAN MIDDAY BRIEFING - Stocks, Oil Rise on -2-
DJ
06:16aNORTH AMERICAN MORNING BRIEFING : Stock Futures, Oil Rise on Hopes of Milder Covid Variant
DJ
06:15aNORTH AMERICAN MORNING BRIEFING : Stock Futures, -2-
DJ
05:47aFTSE 100 gains on oil stocks boost; Deliveroo sinks to record low
RE
05:21aEuropean shares bounce after volatile week
RE
04:44aEuropean stocks, U.S. futures stage tentative rebound
RE
Latest news "Markets"