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Canadian stocks are extending gains after closing yesterday above the 12,000 level for the first time since early May, with all but one (Utilities) of the 10 industry sectors in the S&P/TSX Composite Index higher. The best gains are seen by Healthcare and revitalized Metals and Mining stocks.

Consumer prices rose 1.3% during the 12 months to July, building on a 1.5% gain in June, Statistics Canada reported today. Higher prices for the purchase of passenger vehicles, restaurant food, meat and electricity were major factors in the increase for the Consumer Price Index last month.

Here's where the Canadian markets stand today:

- S&P/TSX Composite Index up 24.50 (+0.2%) to 12,057.08

- S&P/TSX Venture Composite Index up 4.63 (+0.4%) to 1,225.88

In company news, shares of Kinross Gold (KGC, K.TO) are down about 1% this afternoon with the cost-challenged miner landing a $1.0 billion term loan, raising its unsecured revolving credit facility to $1.5 billion. The three-year term loan matures in August 2015.

KGC also reworked its unsecured revolving credit facility, increasing its available credit by 25% to $1.5 billion and extending its term by over two years to August 2017.

The miner recently increased it planned budget by $1 billion, with most of the additional spending slated for its Tasiast mine in Muaritania and Dvoinoye in Russia.

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