Markets in Toronto finished in the green Wednesday, as investors proved comfortable with the latest move (or lack of it) by the Bank of Canada.
The TSX gained 95.66 points as Wednesday ended, to 35,416.20.
The Canadian dollar inched up 0.05 cents to 71.22 cents U.S.
In company news, Cogeco Communications was set to release its third-quarter results today. 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 85 cents, or 1.3%, to $64.35.
Brookfield Asset Management gained $1.95 or 2.9%, to $68.83, and Brookfield Corporation shares advanced $1.01, or 1.6%, to $62.45.
In the real-estate sector, Colliers International Group perked $7.77, or 5.8%, to $141.50, while FirstService Corporation added $2.87, or 1.4%, to $206.57.
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 eight cents, or 7.2%, to $1.03.
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 13.8 points, or 1.6%, to 877.90.
Six of the 12 subgroups were lower on the day, weighed most by information technology slid 1.4%, materials, off 1%, and consumer staples, fading 0.5%.
The five gainers were led by financials, richer by 1.4%, telecoms, better by 1%, and consumer discretionary stocks, up 0.6%.
Health-care issues were unchanged on the day.
ON WALLSTREET
The S&P 500 rose on Wednesday, with major technology stocks advancing, as traders digested more data showing inflation is cooling.
The Dow Jones Industrials galloped 150.91 points to 52,659.18.
The much broader index gained 28.82 points to 7,572.41
The NASDAQ Composite regained 162.22 points to 26,269.23.
Investors appeared to be paring exposure to key semiconductor stocks and moving into shares of certain Big Tech names.
Notably, Amazon, Microsoft and Alphabet moved up around 3%. Apple also gained 4%.
Among the chipmakers, Micron Technology shares declined 7%, while Lam Research shares were down more than 4%. Intel slid 5% and Advanced Micro Devices was lower by 3%.
On Wednesday, the producer 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 revived one dollar to $80.34 U.S. a barrel.
Gold prices faded $10.60 to $4,059.10 U.S. an ounce.
