By Adriano Marchese

Canadian stocks were higher Tuesday mid-trading thanks to a broad-based push from most sectors. The gainers were led by tech stocks, followed by the manufacturing and transportation sectors. Of the few in decline, consumer discretionary stocks were the most notable, followed by slight losses in industrial services and utilities.

Canadian building permits fell in June by 9% from May due to weaker demand for house-building and nonresidential buildings. Building permits came to a seasonally adjusted 11.95 billion Canadian dollars, the equivalent of $8.67 billion, according to Statistics Canada.

Canada's S&P/TSX Composite Index rose by 0.4% to 27888.17 and the blue-chip S&P/TSX 60 advanced 0.3% to 1656.18.

Gildan Activewear shares fell by 4.5% to C$67.09 Canadian dollars after a report earlier Tuesday said the Canadian garment company is days away from closing on a roughly $5 billion deal to acquire Hanesbrands.

Other market movers:

Cineplex' second-quarter loss narrowed as moviegoers made their way to the big screens to see box office hits such as A Minecraft Movie, Lilo & Stitch and Mission: Impossible - The Final Reckoning. The slate of releases helped drive revenue higher in the quarter. Shares were up 2.6% at C$10.60.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

August 12, 2025 12:10 ET (16:10 GMT)

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