By Michael Dabaie

Shares in Toronto were nearly flat in midday trading Friday, with energy stocks lower and Lithium Americas shares higher in the final session of the week.

Canada's S&P/TSX Composite Index was down 0.1% to 21615.4, while the blue-chip S&P/TSX 60 was about flat at 1304.45.

Enerplus Corp. shares were down about 6% in recent trading to C$12.03 and MEG Energy Corp. shares fell 5.5% to C$10.40.

Lithium Americas shares rose 9.5% to C$45.80. J.P. Morgan increased its price target for Lithium Americas to C$49 to reflect higher lithium price forecasts and the company's pending acquisition of Millennial Lithium, and maintained the stock at Overweight.

Other market movers:

Centerra Gold shares were down 5% to C$9.94. The company said due to the recent heavy rain, flooding and mudslides in British Columbia, rail service between the Vancouver west coast terminals and the company's Mount Milligan Mine has been temporarily disrupted.

Air Canada shares were down 1.4% to C$23.81. The airline said that due to its improved liquidity position and ongoing recovery from the pandemic it is withdrawing from further Canadian government financial support.

Write to Michael Dabaie at michael.dabaie@wsj.com