Canada’s main stock index climbed on Tuesday, buoyed by mild US inflation data that strengthened expectations for a potential interest rate cut by the Federal Reserve in September. The mining sector was the top gainer for the TSX, followed by financial stocks, with utilities left as the lone decliner. .
US markets also saw gains, as investors welcomed the softer-than-anticipated inflation report, which could pave the way for the Fed to lower rates next month. The latest inflation figures helped ease concerns that President Donald Trump’s sweeping tariff policies might drive up prices across the US economy. Traders now expect rate cuts by either October or December.
| TSX | 27,921.26 | +146.03 |  |
| TSXV | 788.60 | -4.64 |  |
| CSE | 156.84 | -0.79 | |
| DJIA | 44,458.61 | +483.52 | |
| NASDAQ | 21,681.90 | +296.50 | |
| S&P 500 | 6,445.76 | +72.31 | |
The Canadian dollar traded for 72.59 cents US compared to 72.58 cents US on Monday.
US crude futures traded $0.83 lower at US$63.13 a barrel, and the Brent contract lost $0.57 to US$66.06 a barrel.
The price of gold was up US$5.00 to US$3,349.11.
In world markets, the Nikkei was up 897.69 points to ¥42,718.17, the Hang Seng was up 62.87 points to HK$24,969.68, the FTSE was up 18.10 points to ₤9,147.81, and the DAX was down 56.56 points to €24,024.78.
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