Toronto Stocks Slip, December Inflation Cools; Canaccord Genuity Rises on Higher 3Q Profit, Revenue

By Adriano Marchese

Toronto stocks were lower Tuesday mid-trading, the first trading day following the long weekend. Materials stocks were the largest decliner, followed more distantly by tech services and energy stocks. Tech was the largest gainer of the session, followed by commercial services and health services.

Canada's consumer price index cooled to a pace of 2.3% in December from a year earlier, according to Statistics Canada, thanks to lower fuel prices. Meanwhile, wholesale trade rebounded in the final month of 2025 with a recovery in motor vehicle sales, capping a solid year for the industry.

Canada's S&P/TSX Composite Index fell 0.6% to 32878.03, easing from lower lows earlier in the morning. The blue-chip S&P/TSX 60 also fell, down 0.4% to 1909.34.

Canaccord Genuity shares jumped 7.9% to 13.00 Canadian dollars ($9.53) after the company's revenue and profit in the fiscal third quarter were lifted by active metals and mining markets in Australia.

Other market movers:

Sherritt International shares fell 20% to C$0.17 after it said it is forced to halt operations in Cuba due to a nationwide fuel shortage.

Kits Eyecare shares rose by 2.3% to C$19.49 after the company said it expects to report first-quarter organic growth, topping Wall Street projections thanks to strong demand.

Trilogy Metals shares fell in Toronto by 12% to C$5.01 after the company reported a widened loss in 2025 as it continues to advance the permitting of its project in Alaska.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

February 17, 2026 12:24 ET (17:24 GMT)