The article from MarketWatch discusses the performance of Toronto stocks and the decline of BlackBerry Ltd. shares. Here is a summary:
– **Toronto Stocks Performance**: Toronto stocks remained virtually unchanged on the day, with mixed sector performance. Gains were primarily seen in energy, consumer discretionary, and process industries.
– **BlackBerry Ltd.**: BlackBerry shares fell by 7.1% to 3.21 Canadian dollars ($2.38) due to challenges in its cybersecurity segment and delays in its Internet-of-Things (IoT) business.
– **Cybersecurity and IoT Headwinds**: The decline in BlackBerry shares was attributed to difficulties in its cybersecurity operations and delays in its IoT projects, which negatively impacted investor sentiment.
Overall, while Toronto stocks showed minimal movement, BlackBerry Ltd. faced significant headwinds from its cybersecurity and IoT segments, leading to a notable decline in its stock price.
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