CANADA STOCKS-TSX ends higher but move limited ahead of US inflation report
By Fergal Smith
Aug 11 (Reuters) - Canada's main stock index edged higher on Monday as industrial and technology shares notched gains, but the move was limited ahead of a key U.S. inflation report and as investors fretted about a seasonally weak period for the market.
The S&P/TSX composite index .GSPTSE ended up 16.55 points, or 0.1%, at 27,775.23, after last week posting its biggest weekly gain since September.
"We got a big inflation report, CPI, tomorrow, which will be a big number," said Allan Small, senior investment advisor of the Allan Small Financial Group with iA Private Wealth. "That will move markets on both sides of the border."
Wall Street's main indexes ended lower as investors anxiously awaited U.S. consumer price index data on Tuesday to assess the outlook for interest rates and eyed U.S.-China trade developments.
U.S. President Donald Trump has signed an executive order extending a pause in sharply higher U.S. tariffs on Chinese imports for another 90 days, a White House official said.
"I would not be surprised to see volatility in the last two weeks of August and of course into September," Small said.
Over the past 35 years, August and September have ranked as the worst-performing months for the S&P 500, the U.S. benchmark, according to the Stock Trader's Almanac.
The technology sector .SPTTTK added 0.2%, helped by a gain of 4.4% for the shares of Constellation Software CSU.TO after the company's quarterly earnings beat estimates.
Industrials .GSPTTIN were up 0.3% and health care .GSPTTHC ended 4.9% higher, with shares of Bausch Health Companies Inc BHC jumping 16.1%.
The materials sector .GSPTTMT, which contains metal mining shares, was a drag. It fell 0.5%, weighed by a drop in gold prices XAU= as Trump said tariffs will not be placed on imported gold bars.
Shares of Barrick Mining Corp ABX.TO were down 2.4% after the company reported second-quarter results.
Energy .SPTTEN was down 0.9% as the price of oil CLc1 settled 0.1% higher at $63.96 a barrel.
Related Articles
Warren Buffett Q2 2025 13F Analysis: Betting on UnitedHealth Again After 14 Years
TradingKey - In Q2 2025, the value of Berkshire Hathaway’s investment portfolio declined from $259.8 billion in Q1 to $257.5 billion, a decrease of 0.89%. Analysis indicates that this drop is primarily driven by a net capital outflow of 0.78%. The outflow may be linked to changing market conditions
Applied Materials Q3 Earnings: AI Demand Soars, but Cautious Guidance Triggers After-Hours Selloff
TradingKey - Applied Materials, Inc. (NASDAQ: AMAT) announced its Q3 FY2025 earnings on August 14, 2025, after market close, reporting strong revenue fueled by AI-related semiconductor demand, which beat expectations. However, cautious Q4 guidance, including EPS below analyst estimates.jpg)
Bridgewater Associates Q2 2025 13F Analysis: Founder Ray Dalio’s Final Act
TradingKey - Bridgewater Associates, the world’s largest hedge fund and renowned for its macroeconomic analysis, continues to command market respect with its “risk parity” strategy and precise economic cycle timing.
U.S. July CPI Commentary: Obstacles Cleared, Where Will U.S. Stocks Go Next?
TradingKey - On 12 August 2025, the United States released its Consumer Price Index (CPI) data for July. In terms of headline inflation, the CPI rose by 2.7% year-on-year in the month, slightly lower than the expected 2.8%. However, core CPI climbed 3.1% year-on-year, edging past the projected 3.0%.
Japan's economy has fallen back to negative growth after one year. Will yen continue to weaken?
TradingKey - Japan's economic performance is lackluster, with the preliminary annualized quarterly GDP for the first quarter recorded at -0.7%. This marks the first contraction in a year, and the economy may face further impacts from Trump’s tariffs.
