TSX up 172 Points at Midday With Healthcare The Best Performer

12:24 PM EST, 12/09/2025 (MT Newswires) -- The Toronto Stock Exchang is up 172 points midday on Tuesday ahead of the Bank of Canada interest-rate decision tomorrow, with healthcare, technology and financial sectors the best performers.

Boosting the healthcare sector is cannabis company Cronos Group (CRON.TO), which is up nearly 16% after it announced its acquisition of CanAdelaar, the largest cannabis company operating within the Netherlands' adult-use cannabis pilot program for US$67 million.

Desjardins says it is no longer forecasting any more rate cuts from the Bank of Canada for this cycle. "We expect the Bank of Canada will maintain the language from the last statement about the current level of rates being appropriate. However, for the next six months or so, until fiscal policy becomes a more important player, the Bank of Canada is the only game in town for the economy." If evidence emerges that their cost-push inflation theory has led them astray, they will need to change tack quickly. There's too much at stake to delay further easing unnecessarily, Desjardins said.

For its part, Scotiabank Economics expects the new year to extend the Bank of Canada's 2 1/4% rate pause before migrating toward 50bps of policy tightening over the second half of 2026 that may turn out to be greater and earlier than expected. "This is a view we've had since September with markets recently moving in this direction."

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