The TSX ended Tuesday in negative territory as hotter-than-anticipated US inflation data strengthened the case for higher interest rates to remain in place longer. Falling commodity prices added further pressure, with weaker oil and metal markets dragging down materials and tech stocks. Utilities, energy, and financials were among the index’s strongest performers.
South of the border, US markets also retreated after inflation data came in above forecasts and a Federal Reserve policymaker suggested a 50-basis-point rate hike remains on the table for next month. October’s Consumer Price Index increased 0.4%, topping analysts’ consensus estimate of 0.3%.
| TSX | 36,170.45 | -275.81 |  |
| TSXV | 822.09 | -13.94 | |
| CSE | 132.81 | -0.13 | |
| DJIA | 52,231.89 | -157.86 | |
| NASDAQ | 25,065.87 | -187.26 | |
| S&P 500 | 7,520.93 | -29.01 | |
The Canadian dollar traded for 70.47 cents US compared to 70.82 cents US on Monday.
US crude futures traded $0.47 lower at US$86.38 a barrel, and the Brent contract lost $0.60 to US$91.97 a barrel.
The price of gold was down US$75.68 to US$4,030.70.
In world markets, the Nikkei was up 1,684.08 points to ¥60,459.58, the Hang Seng was up 108.09 points to HK$24,557.04, the FTSE was down 31.28 points to ₤10,751.59, and the DAX was up 123.03 points to €26,390.22.
