
S&P/TSX composite down in late-morning trading, U.S. stock markets move up
TORONTO - Canada's main stock index was in the red in late-morning trading, weighed down by losses in the telecom sector, while U.S. stock markets climbed higher.
The S&P/TSX composite index was down 22.21 points at 26,366.75.
In New York, the Dow Jones industrial average was up 105.66 points at 42,411.14. The S&P 500 index was up 24.73 points at 5,960.67, while the Nasdaq composite was up 142.76 points at 19,385.37.
The Canadian dollar traded for 72.90 cents US compared with 72.96 cents US on Monday.
The July crude oil contract was up US$1.28 at US$63.80 per barrel and the July natural gas contract was down four cents US at US$3.65 per mmBTU.
The August gold contract was down US$27.20 at US$3,370.00 an ounce and the July copper contract was down two cents US at US$4.84 a pound.
This report by The Canadian Press was first published June 3, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Associated Press
11 minutes ago
- Associated Press
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Associated Press
11 minutes ago
- Associated Press
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Associated Press
11 minutes ago
- Associated Press
Suzano and Kimberly-Clark Announce the Creation of a Global Tissue Company Operating in Over 70 Countries
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Closing of the transaction is contingent on, among other things, approval by regulatory and other governmental authorities, fulfillment of customary conditions precedent for transactions of this nature, and completion by Kimberly-Clark of a corporate reorganization of its Consumer Tissue and Professional business unit. The transaction is expected to close in mid-2026 and involves approximately 9,000 employees. The new business will be a company incorporated in the Netherlands and will include 22 manufacturing facilities located in 14 countries across Europe, Asia, including Southeast Asia, the Middle East, South America, Central America, Africa, and Oceania. Collectively, these facilities have an installed capacity to produce approximately 1 million tonnes of tissue a year. The assets to be included in the new joint venture generated net sales in 2024 of approximately US$3.3 billion. 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Luis Bueno, Executive Vice President of Consumer Goods and Corporate Affairs at Suzano, said: 'We have an excellent understanding of Kimberly-Clark ´s culture and internal processes, thanks to our 2023 acquisition of the Brazilian tissue business. We have already been able to achieve significant efficiency gains in these operations, which we are confident can be replicated in other regions. 'Our ability to achieve this goal is intrinsically tied to the tremendous quality of the talent within Kimberly-Clark ´s team, who have helped develop and grow iconic, innovative and trusted brands that are a part of the everyday lives of hundreds of millions of people around the world.' At closing of the transaction, Suzano and Kimberly-Clark will enter into a joint venture agreement establishing certain rights and obligations related to the management, control, operation, shareholding, and other matters concerning the joint venture. It will have a Board of Directors with five members, three of whom will be appointed by Suzano and two of whom will be appointed by Kimberly-Clark. The Transaction also includes a call option for Suzano to acquire Kimberly-Clark's 49% interest in the new company. NOTES TO EDITOR About Suzano Suzano is the world's largest pulp supplier, a major paper and packaging producer in the Americas, and one of Brazil's biggest employers. Driven by a deep commitment to sustainability and innovation, Suzano produces responsibly-grown raw materials that are exported to more than 100 countries around the world, meeting the global demand for bio-based solutions. These are used to make everyday items that reach more than two billion people, including toilet paper and tissue, packaging, printing and writing paper, personal hygiene products, and textiles. Founded in Brazil over 100 years ago, today Suzano operates across Latin America, North America, Europe and Asia. The company's shares are listed on the B3 in São Paulo (SUZB3) and the New York Stock Exchange (SUZ). Learn more at: About Kimberly-Clark Kimberly-Clark (NASDAQ: KMB) and its trusted brands are an indispensable part of life for people in more than 175 countries and territories. Fueled by ingenuity, creativity, and an understanding of people's most essential needs, we create products that help individuals experience more of what's important to them. Our portfolio of brands, including Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll, hold No. 1 or No. 2 share positions in approximately 70 countries. We use sustainable practices that support a healthy planet, build strong communities, and ensure our business thrives for decades to come. We are proud to be recognized as one of the World's Most Ethical Companies ® by Ethisphere for the seventh year in a row and one of Fortune's Most Innovative Companies in America in 2024. To keep up with the latest news and to learn more about the company's more than 150-year history of innovation, visit the Kimberly-Clark website. View source version on CONTACT: Hawthorn Advisors [email protected] KEYWORD: BRAZIL UNITED STATES SOUTH AMERICA NORTH AMERICA LATIN AMERICA EUROPE NETHERLANDS INDUSTRY KEYWORD: OTHER MANUFACTURING ENVIRONMENT TEXTILES PACKAGING MANUFACTURING SUSTAINABILITY OTHER NATURAL RESOURCES FOREST PRODUCTS NATURAL RESOURCES SOURCE: Suzano Copyright Business Wire 2025. PUB: 06/05/2025 07:11 AM/DISC: 06/05/2025 07:10 AM