By Adriano Marchese

Toronto stocks were lower Wednesday in midday trading, coming down from earlier highs. Commercial services, tech services and finance were the largest decliners of the session, offsetting gains primarily in energy, consumer discretionary and health services stocks.

On the national front, Canadian building permits in December increased by 6.8% from the prior month. The rise caps off the strongest quarter for construction intentions in four years, due to growth in residential building intentions.

Canada's S&P/TSX Composite Index fell 0.4% to 33127.18 and the blue-chip S&P/TSX 60 fell by 0.6% to 1915.97.

Shopify shares reversed course, falling over 13% by midday to 149.80 Canadian dollars ($110.54) after the commerce company guided for tighter margins for the first quarter as the company continues to bet on future growth through investments and merchant network additions.

Other market movers:

Alimentation Couche-Tard shares rose 4.8% to C$83.80 after it said it plans to focus on strengthening its core platforms, which includes chasing targeted investment opportunities, in an effort to drive longer-term growth.

Cineplex shares fell 2.3% to C$9.68 after reporting its profit dropped in the fourth quarter as fewer moviegoers were going to the big screens, dragging on box-office revenue.

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

(END) Dow Jones Newswires

February 11, 2026 12:10 ET (17:10 GMT)

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