By Adriano Marchese

Stocks listed in Toronto were flat Tuesday in midday trading, with sector performance mixed in the session so far. Gains primarily in transportation, consumer services and distribution services stocks were offset by losses mostly in materials, tech and health services.

On the broader economic front, inflation in Canada cooled in July to 1.7% thanks to a drop in gas prices, though there remain signs of underlying price pressures that support the central bank's decision to sit tight on interest rates.

Canada's S&P/TSX Composite Index fell 0.1% to 27907.09 and the blue-chip S&P/TSX 60 rose by 0.1% to 1656.34.

FirstService said it intends to launch a share repurchase program to buy back up to 3.9% of its issued and outstanding common shares over the course of a one-year period. Current prices value the buyback program at roughly $437.6 million Canadian dollars ($317 million). Shares are up 1.1% to C$276.61.

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

(END) Dow Jones Newswires

August 19, 2025 12:08 ET (16:08 GMT)

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