The S&P/TSX Composite Index is up 40 points Thursday mid-morning with information technology and the healthcare sectors posting the biggest gains.
Information technology is up 1.8%, while the healthcare sector has climbed 1.2%.
Limiting gains are base metals and energy, which are down 1.5% and 0.4%, respectively.
In stocks, Calian Group (CGY.TO) jumped 10.25% to a record high of C$94.08 after it reported a third-quarter earnings beat earlier this morning.
Stantec (STN.TO) said Wednesday after trade that adjusted earnings jumped 18.4% to C$1.61 per share, from C$1.36 per share, in the prior year period.Analysts polled by FactSet had expected C$1.58 per share.Net revenue increased 11.5% year over year to C$1.8 billion, in line with analysts' expectation of C$1.8 billion.The increase was driven by acquisition growth of 7.1%, and organic growth of 3.7%, the company said.Stantec also reaffirmed its fiscal 2026 net revenue growth outlook of 8.5% to 11.5%, and adjusted earnings growth of 15% to 18%. Its adjusted EBITDA target range is between 17.8% to 18.3%."As reflected in Stantec's second quarter results, strong operational performance, combined with solid growth in our Global region and meaningful contributions from our acquisition of Page, have kept us on track to deliver on our 2026 financial targets," said Chief Executive Gord Johnston."The long-term demand drivers of our business remain intact, and with a record backlog of $9.2 billion, we expect to see an acceleration of activity in the second half of 2026."Stantec will pay a regular quarterly dividend of C$0.245 per share, payable on Oct. 15, to shareholders of record on Sept. 29.Stantec shares closed down C$0.22, to C$103.55, on the Toronto Stock Exchange.
CAE (CAE.TO) after trade Wednesday reported fiscal first-quarter adjusted earnings per share of C$0.26, unchanged from a year ago.Analysts polled by FactSet expected C$0.23.Revenue for the quarter ended June 30 rose to C$1.17 billion from C$1.10 billion a year earlier.Analysts polled by FactSet expected C$1.13 billion.The company said its fiscal 2027 outlook remains unchanged. It continues to expect low-single-digit percentage revenue growth and adjusted EPS of C$1.21 to C$1.28.