Toronto Stocks Slide Amid Broad-Based Decline; Bird Construction Shares Fall 15%

Toronto stocks fell 0.5% on Thursday, with Bird Construction shares declining 15% to C$25.65 after clients delayed projects due to economic volatility, impacting Q2 revenue and profit. WELL Health Technologies shares fell 3.2% to C$4.86, while North American Construction Group shares dropped 22% to C$17.95 after lowering its Q2 outlook.

Toronto stocks fell 0.5% on Thursday, reflecting broader economic volatility and disappointing earnings outlooks. Key players in the construction and technology sectors experienced significant declines.

Bird Construction shares dropped 15% to C$25.65 after clients delayed projects due to economic uncertainty, impacting Q2 revenue and profit. The company's shares have been particularly sensitive to economic conditions, with the broader market's volatility taking a toll on its performance [1].

WELL Health Technologies shares fell 3.2% to C$4.86, although the company did not provide specific reasons for the decline. The technology sector has been under pressure due to broader market conditions and investor sentiment [1].

North American Construction Group shares dropped 22% to C$17.95 after the company lowered its Q2 outlook. The company cited increased economic volatility and higher maintenance requirements as reasons for the downward revision in earnings guidance. Adjusted earnings for the second half of 2025 are now expected to be between C$190 million and C$210 million, down from a previous guidance of C$205 million to C$225 million. The adjusted earnings per share are expected to be between C$1.40 and C$1.60, compared to previous guidance of between C$1.95 and C$2.15 [3].

The broader market's performance was influenced by economic data and geopolitical events. The Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) have been closely monitoring economic indicators to gauge market sentiment [1].

Investors should remain vigilant as economic volatility continues to impact various sectors. The TSX Group Equity Financing Statistics for July 2025 highlighted a 10% increase in dividends for TMX Group Limited, indicating resilience in the market [2]. However, the recent market performance underscores the need for cautious optimism and a keen eye on earnings reports and economic indicators.

References:
[1] https://www.tsx.com/
[2] https://www.nasdaq.com/articles/toronto-dominion-bank-td-beats-stock-market-upswing-what-investors-need-know-0
[3] https://www.marketwatch.com/story/north-american-construction-group-shares-down-on-downgraded-outlook-as-demand-softens-0ec3ace4