Canadian stocks are up firmly Friday morning, with investors flocking several counters, reacting to positively to a slew of earnings announcements, and softer-than-expected U.S. consumer price inflation data.
The tamer-than-expected U.S. headline inflation data has raised some optimism about the outlook for interest rates.
Shares from consumer discretionary and materials sectors are among the most prominent gainers. Several stocks from healthcare, utilities, energy and industrials sectors are also up with strong gains.
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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.