Toronto stocks near record high as investors weigh earnings, US PPI data

Separately, Canadian officials working to persuade Washington not to impose additional tariffs next week are unhappy with the latest U.S. offer to ease the measures, CBC News reported on Wednesday, citing two sources.

• Healthcare shares .GSPTTHC were among the biggest gainers, rising 1.4%, with Extendicare EXE.TO, Bausch Health BHC.TO and Sienna Senior Living SIA.TO leading gains on the main index.
• Technology stocks .SPTTTK and consumer staples .GSPTTCS advanced 1.6% and 0.9%, respectively.
• However, heavyweight miners .GSPTTMT traded lower as prices of gold and other precious metals slipped. Spot gold XAU= was down 0.7%, while silver XAG= shed 0.6%.
• U.S. producer price inflation for July came in at 4.7%, while economists polled by Reuters had estimated 4.9%.
• "Looks like some of the higher inflation numbers that the US was experiencing have come down a little bit... the markets are hoping that keeps the Fed on hold and they do not have to raise interest rates," said Allan Small, senior investment adviser of the Allan Small Financial Group with iA Private Wealth.