12:28 PM EDT, 08/27/2025 (MT Newswires) -- The Toronto Stock Exchange is up 54 points at midday with financials (+1.4%) and telecoms (+1%) and energy (+1%) leading gains.

Miners, down 1%, is the biggest decliner.

The financials sector is boosted by Royal Bank of Canada (RY.TO), which is up 6% on last look, after it reported higher earnings for the third quarter, reflecting "strong growth" across each of its business segments."

National Bank (NA.TO) is down 3.3% after it reported mixed earnings in the third quarter as it continues to integrate the Canadian Western Bank acquisition and as provisions for credit losses rose.

In stocks, Canada Goose (GOOS.TO) is up 13.3% after reports that the company has received bids to take the luxury goods maker private, CNBC said late on Tuesday.

While Prime Minister Mark Carney brought down his elbows and walked away from many of his countervailing duties on U.S. exports, Canadians continue to take matters into their own hands, notes Rosenburg Research. There has been a flight of Canadian money from U.S. residential real estate this year, as an example. The decline, which started in February, has been extended right through to July. Last year, Canadian residents made up 14% of all foreign buying of U.S. residential real estate, and the two states hit the hardest are Florida and Arizona, Rosenburg notes.

Canadian travelers have also embarked on a voluntary boycott, spending nearly -8% less year-over-year on travel-related goods and services. The number of southbound trips this year is down by almost -11%. Domestic travel, meanwhile, has expanded by +4.4% as Canadians have opted for Peggy's Cove over Sin City (a totally different trip). The travel boom in Canada has been underscored by +2.5% YoY volume growth in accommodation and a nearly +2.0% increase in amusement and recreation services - both far above the +1.2% pace in total GDP.