The Canadian market is down firmly in negative territory in early afternoon trades on Wednesday, weighed down by losses in healthcare and utilities sectors.
Several stocks from industrials, materials, consumer discretionary and financials sectors are also notably lower.
Investors are digesting the Canadian central bank's interest rate decision. The Bank of Canada today held its main interest rate unchanged at 5% after two back-to-back rises. The central bank cited a shift in the economy to a weaker phase and easing labor-market pressures as the reason for its decision.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.