Yahoo Finance 
TSX Flat by Noon
Equities in Toronto swam out of the red approaching noon hour EST on Wednesday, as investors digested data showing domestic annual inflation rate held steady in October.
The TSX Composite fought its way up 0.72 points at 19,995.50.
The Canadian dollar eased 0.21 cents to 75.10 cents U.S.
Among gainers, Burger King owner Restaurant Brands International rose $5.29, or 6.7%, to $84.67, after it said it appointed former Domino's Pizza CEO Patrick Doyle as executive chairman, as the firm tries to expand its digital sales.
Loblaw gained $2.88, or 2.7%, to $110.13, after it posted upbeat third-quarter revenue as the Canadian retailer credited robust demand for groceries and drugs despite higher prices.
On the economic slate, Statistics Canada reported October’s consumer price index rose 6.9% on a year-over-year basis, matching the increase in September. On a seasonally adjusted monthly basis, the CPI increased 0.6% last month.
Canada Mortgage and Housing Corporation reported said the pace of Canadian housing starts slowed 11% to 267,055 units in October, reversing the surge in September that had lifted the seasonally adjusted annual rate (SAAR) of construction to 298,811 units.
ON BAYSTREET
The TSX Venture Exchange remained negative 5.75 points to 587.78.
Seven of the 12 TSX subgroups lost ground, with health-care weighing 1.6%, energy off 1.2%, and materials skidding 0.9%.
The five gainers were led by consumer staples, up 1.8%, consumer discretionary, up 1.2%, and the industrial sector headed north 0.9%.
ON WALLSTREET
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The S&P 500 fell on Wednesday as investors weighed a gloomy holiday quarter update from Target that pressured retail stocks.
The Dow Jones Industrials stayed buoyant 22.82 points to launch into noon hour at 33,615.74
The S&P 500 moved lower 19.8 points to 3,971.93
The NASDAQ faltered 134.33 points, or 1.2%, to 11,224.08.
Those moves came after Target reported a decline in sales as families deal with high inflation heading into the biggest shopping season of the year for retailers. The warning weighed on stocks, sending Target down more than 15% and on pace for its worst day since May. Advanced Auto Parts and Target tumbled by double digit percentages. Macy’s, Kohl’s, Nordstrom and Gap were also down big.
A Wells Fargo analyst upgraded Oscar Health to overweight from equal weight, saying the outlook for the health insurance company appears “favorable” after the stock cratered 63% in 2022.
Prices for the 10-year Treasury fell hard, raising yields to 3.73% from Tuesday’s 3.98%. Treasury prices and yields move in opposite directions.
Oil prices docked $2.47 to $84.45 U.S. a barrel.
Gold prices added $1.50 to $1,778.30 U.S. an ounce.
