{"id":62958,"date":"2025-08-12T16:57:53","date_gmt":"2025-08-12T16:57:53","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/08\/12\/canadian-market-modestly-higher\/"},"modified":"2025-08-12T16:57:53","modified_gmt":"2025-08-12T16:57:53","slug":"canadian-market-modestly-higher","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/08\/12\/canadian-market-modestly-higher\/","title":{"rendered":"Canadian Market Modestly Higher"},"content":{"rendered":"
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The Canadian market is up in positive territory around early afternoon on Tuesday, supported by gains in communications, healthcare, financials and technology<\/span> sectors. Easing trade tensions, and expectations of an interest rate cut by the Federal Reserve next month appear to be aiding sentiment.<\/p>\n

Tariff concerns have eased a bit following the U.S. government extending its pause on higher tariffs for Chinese goods until November 10, averting an immediate escalation in the trade war. <\/p>\n

The U.S. Labor Department said its consumer price index rose by 0.2% in July after climbing by 0.3% in June. The annual rate of growth by consumer prices in July was unchanged from the previous month at 2.7%, while economists had expected the pace of growth to tick up to 2.8%.<\/p>\n

The report also said the core consumer price index, which excludes food and energy prices, climbed by 0.3% in July after rising by 0.2% in June. Meanwhile, the annual rate of growth by core consumer prices accelerated to 3.1% in July from 2.9% in June. Economists had expected the pace of growth to inch up to 3%.<\/p>\n

The benchmark S&P\/TSX Composite Index is down 121.82 points or 0.44% at 27,897.05 nearly an hour past noon. <\/p>\n

Communications shares Quebecor Inc., BCE Inc. and Rogers Communications are up 2.3%, 1.8% and 1.5%, respectively.<\/p>\n

Healthcare stocks Bausch Health Companies and Sienna Senior Living Inc are gaining 1.7% and 1.3%, respectively.<\/p>\n

Brookfield Asset Management, Goeasy, Brookfield Corporation, Onex Corp, IA Financial Corporation and Igm Financial are among the prominent gainers in the financials sector.<\/p>\n

Other major gainers include TFI International, Hut 8 Corp., BRP Inc., Magna International, Aritzia, Dayforce, Celestica Inc and MDA Space, which are up 3 to 6%.<\/p>\n

Gildan Activewear, Open Text Corporation, Thomson Reuters, Waste Connections, Wheaton Precious Metals, EQB Inc., Alamos Gold, Emera Incorported and Enbridge are down 1 to 5%.<\/p>\n

Data from Statistics Canada showed that the total value of building permits in Canada fell 9.0% month-over-month to $12.0 billion in June, marking the steepest decline since June 2024. This sharply reversed a revised 12.8% gain in May. Year-over-year, total permits increased 6.9%. <\/p>\n<\/p>\n<\/div>\n