By Adriano Marchese
Canadian stocks started the week slightly higher Monday after falling 2% last week.
Bank stocks were up after the Bank of Canada joined the U.S. Federal Reserve and other central banks to boost liquidity for financial institutions. Energy, communications and industrial services were up the most, while process manufacturing, technology and health services were the main decliners. Canada's S&P/TSX Composite Index rose by 0.62% to 19508.33. The blue-chip S&P/TSX 60 climbed 0.65% to 1171.99.
Quarterhill Inc. shares fell more than 15% to 1.55 Canadian dollars ($1.13) after the company named board chairman John Gillberry its chief executive on an interim basis. He has succeeds Bret Kidd, who had stepped down from the role effective immediately. The company didn't provide any details regarding Mr. Kidd's sudden departure.
Other market movers:
Appili Therapeutics Inc. shares fell 11% to C$0.04 after the company said it would take out C$2.5 million Canadian dollars more from a lender.
Freehold Royalties Ltd. named Rob King its chief operating officer, tasking him with leading execution of the energy royalty company's North American strategy. The shares were 3.1% higher at C$14.04.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
03-20-23 1238ET
