Canada's main stock index hung onto its early morning gains mid-Wednesday, helped by financial and real estate stocks, while the Bank of Canada left interest rates unchanged as widely expected.
The TSX gained 24.61 points as Wednesday morning became afternoon, to 35,345.15.
The Canadian dollar was flat to 71.16 cents U.S.
In company news, Cogeco Communications is set to release its third-quarter results later in the day. Analysts estimate the nation's sixth-largest communication services company to report earnings of $2.09 per share, according to data compiled by LSEG.
Cogeco shares gained $1.13, or 1.8%, to $64.63.
Brookfield Asset Management gained $2.15 or 3.2%, to $69.03, and Brookfield Corporation shares advanced $1.57, or 2.6%, to $63.01.
In the real-estate sector, Colliers International Group perked $9.94, or 7.4%, to $143.67, while FirstService Corporation added $7.02, or 3.5%, to $210.72.
Blue Ant Media Corporation's shares were up 11 cents, or 2% to $5.60. after the company reported third-quarter results.
TRX Gold Corp is set to report quarterly earnings later in the day. TRX shares docked two cents, or 1.8%, to $1.09.
Economically speaking, the Canadian Real Estate Association reported Canadian home sales posted a modest increase in June following a robust jump the previous month, and prices remained unchanged.
The Bank of Canada held its benchmark overnight interest rate steady at 2.25%. This decision marked the fifth interest rate announcement of the year.
Statistics Canada also reported wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) were essentially unchanged in May
Manufacturing sales increased 1.3% in May, mainly on increased sales of motor vehicles and chemical products. Meanwhile, sales in the electrical equipment, appliance and component subsector declined the most.
There were 190,564 new motor vehicles sold in Canada in May, a decrease of 1.9% from the same month one year earlier.
However, sales in dollar terms increased 2.3% relative to May 2025. Over the same period, the number of new trucks sold decreased by 2.2%, while the number of new passenger cars sold edged up 0.1%.
ON BAYSTREET
The TSX Venture Exchange dumped 11.8 points, or 1.3%, to 879.90.
Eight of the 12 subgroups were higher, with telecoms clicking 1.9% higher, real-estate better by 1.4%, and financials, up 0.9%.
The four laggards were weighed most by materials sank 2.2%, gold dropped 2%, and energy dipped 1.2%.
ON WALLSTREET
Stocks rose on Wednesday, led by gains in major technology stocks, as traders reacted to more data showing inflation is cooling.
The Dow Jones Industrials galloped 124.34 points to 52,632.61.
The S&P 500 index squeezed up 4.28 points to 7,547.87
The NASDAQ Composite regained 126.95 points to 26,233.95.
Shares of Big Tech companies bolstered the market. Tesla moved up 2%, while Amazon, Apple, Microsoft and Alphabet climbed more than 1%. Additionally, shares of SpaceX added nearly 2%.
On Wednesday, the produce price index unexpectedly fell 0.3% in June, while economists had expected it to be unchanged on the month.
That follows Tuesday’s cooler-than-expected consumer price index report, which bolstered hopes that the Fed may not need to raise interest rates as aggressively this year. The report prompted traders to scale back expectations for near-term Fed tightening.
Prices for the 10-year Treasury hiked, lowering yields to 4.55% from Tuesday’s 4.59%. Treasury prices and yields move in opposite directions.
Oil prices staggered 60 cents to $78.74 U.S. a barrel.
Gold prices faded $13.90 to $4,055.80 U.S. an ounce.
