Toronto market rebounds as consumer staple stocks gain

Canada's main stock index bounced back from a one-week low touched in the previous session on Wednesday, boosted by consumer staple and industrial stocks.

At 9:59 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 57.26 points, or 0.28%, at 20,231.4.

"Stock markets around the world have been trying to bounce back from yesterday's selloff but have only been able to claw back some of their losses," said Colin Cieszynski, chief market strategist at SIA Wealth Management.

Technology stocks gained 0.3%, after marking their worst session since November, tracking the Nasdaq index.

Toronto stock retreats as technology, mining shares drag

Limiting gains on the main index, healthcare stocks fell 1.2%, with pot producers Aurora Cannabis Inc and Canopy Growth Corp leading declines.

Canadian equities have come under pressure in September, after seven straight months of gains, as fears of a slowing economic recovery rattled investors' appetite for risky assets.

Energy shares fell 0.2% and are set to snap a five-day winning streak on weaker crude.

Domestic producer prices fell by 0.3% in August from July on lower prices for softwood lumber, Statistics Canada said.

Highlights

Teck Resources Ltd and Converge Technology Solutions Corp were the largest percentage gainers on the TSX.

Across all Canadian issues there were three new 52-week highs and 18 new lows, with total volume of 50.51 million shares.