12:29 PM EST, 01/09/2025 (MT Newswires) -- The Toronto Stock Exchange is up 15 points at midday with miners (+1.23%) and energy (+0.2%) the sole gainers.

Telecom (-1%) and industrials (-0.5%) are the biggest decliners.

In terms of economics news in Canada, Canada is looking at levying retaliatory tariffs on a wide range of American-made goods including orange juice, ceramics such as toilets and sinks, and some steel products as part of a targeted response should Donald Trump proceed with a threat to impose a 25% tax on all products from Canada, The Globe and Mail has reported.

In a separate report, The Globe is reporting that China says it is willing to deepen economic relations with Canada as this country's trading relationship with the United States hits a rough patch.

In stock news, Seven & i Chief Financial Officer Yoshimichi Maruyama said Thursday that the company is still considering options, including Couche-Tard's (ATD.TO) bid, Ito's proposal and a stand-alone growth strategy, The Wall Street Journal is reporting. "The most important criterion is which choice will likely maximize corporate and shareholder value," Maruyama said, adding that the company hasn't seen all the details needed to make a decision yet. "We are working toward a shareholders' meeting in May...to decide what is best," he said. This comes as the WSJ noted Seven & i Holdings reported a drop in quarterly net profit but promised to complete restructuring and seek further growth globally as it faced a takeover offer from the Canadian owner of Circle K.

The U.S. market is closed today due to the official state funeral for former President Jimmy Carter.