By Adriano Marchese

Toronto's indexes were slightly lower Thursday in midday trading, coming off of recent fresh highs. Canada's major banks continued reporting their third-fiscal quarter earnings, with Toronto-Dominion Bank and Canadian Imperial Bank of Commerce up at bat.

Most stocks were trending downward, with the transportation, health tech, and communications sectors leading the momentum. Of the few gainers, only commercial services was main gainer, followed more distantly by tech and consumer services.

Canada's S&P/TSX Composite Index fell by 0,2% to 28378.27 and the blue-chip S&P/TSX 60 declined 0.2% to 1684.16.

Shares in Canadian Imperial Bank of Commerce rose by 1.6% to 105.50 after reporting fiscal third-quarter earnings that beat expectations on the back of a lower-than-anticipated credit-loss provision and strong growth across its core operations.

Other market movers:

Toronto-Dominion Bank logged a profit in its fiscal third quarter after the Canadian financial institution absorbed hefty charges last year for the investigation into its U.S. anti-money-laundering program's failings. Provision for credit losses also fell, but the stock declined 4.3% to C$100.49.

EQB shares were lower Thursday morning after the company said difficult macroeconomic and real estate headwinds have hit its fiscal-third-quarter earnings.

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

(END) Dow Jones Newswires

August 28, 2025 12:16 ET (16:16 GMT)

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