Canadian Market Modestly Lower In Cautious Trade

(RTTNews) - After moving modestly higher in early trades, the Canadian market gave up gains as investors digested the nation's inflation data, and closely followed the developments on Russia-Ukraine peace talks front.

The benchmark S&P/TSX Composite Index was down 61.01 points or 0.22% at 27,861.84 a little while ago. The index had advanced to 27,998.28 in early trades.

Technology, materials and healthcare stocks are weak. Industrials and real estate stocks are among the prominent gainers. A few stocks from consumer discretionary and consumer staples sectors are also notably higher.

Real estate stock Real Matters is up 5.6%. Canadian Pacific Railway, TFI International, Choice Properties, Loblaw Companies, Superior Plus, , Russel Metals, TransCanada, George Weston, Knight Therapeutics, Restaurant Brands International, Thomson Reuters and Enbridge are gaining 1.5 to 2.2%.

Canopy Growth Corp is down nearly 8%. Tilray is down 6.3%, while NexGen Energy, Celestica and Corus Entertainment are down 5.2 to 6%.

Lundin Gold, Torex Gold Resources, Aurora Cannabis, Silvercorp Metals, Eldorado Gold, First Majestic Silver, Iamgold, Trican Well Service, Cameco and SSR Mining are down 3.5 to 4.7%.

Data from Statistics Canada showed the annual inflation rate in Canada eased to 1.7% in July 2025, from 1.9% in June and below market forecasts of 1.8%, staying beneath the BoC's 2% mid-point for a fourth consecutive month.

On a monthly basis, the CPI rose by 0.3% in July, after a 0.1% increase in June and matching market estimates.

Core consumer prices in Canada increased 2.6% in July over the same month in the previous year. This marks the third consecutive month in which the annual core inflation rate stays at 2.6%. Canada's core month-over-month inflation rate remained unchanged at 0.1% in July.