After a firm start and a subsequent rise to higher levels, the Canadian market pared gains on Thursday as investors took some profits, cashing in on recent gains.
Real estate, communications, technology and energy stocks were mostly higher, while consumer staples and utilities stocks shed ground. Shares from other sectors turned in a mixed performance.
The market got off to a firm start amid hopes the proposed peace talks between U.S. and Iranian officials will result in a resolution to the ongoing conflict in the Middle East.
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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.