12:14 PM EDT, 10/09/2025 (MT Newswires) -- The Toronto Stock Exchange is down 171 points at midday. Utilities and industrials are the worst performers, down 0.4% and 0.7%, respectively.

Healthcare and telecoms, up 1.2% and 1%, respectively, are the biggest gainers. Tilray (TLRY.TO), which reported a first-quarter earnings beat this morning, is up 26% to a fresh 52-week high of $3.04 with 15 million shares changing hands.

Gold moved down from a record high early Thursday as traders take profits while the dollar rose to a two-month high. Oil prices eased after a ceasefire agreement between Israel and Hamas reduced tensions in the Middle East, lowering the geopolitical risk premium on the commodity.

On the economics front, Bank of Canada's Senior Deputy Governor Carolyn Rogers said Thursday recent changes in the United States trade policy have created new challenges for Canada, making the need to improve productivity even more urgent. Although inflation is under control, the cost of living remains challenging, especially for lower-income and younger Canadians. Productivity growth can help make life affordable, stated Rogers in the summary of her speech to be given at the Canadian Club Toronto and made available on the BoC's website. "Higher productivity won't make Canada immune to US trade policy, but it would help buffer the effects of tariffs", said Rogers. "And it's the clearest path to boosting real wages, making life more affordable."

Other than that, Scotiabank in its morning note, adds today should be a very light session by way of global calendar-based risk before we get Canadian jobs tomorrow into an early 1:30pm ET close for some markets ahead of the Canadian Thanksgiving.