Aug 19, 2025 (Baystreet.ca via COMTEX) --
Stocks in Canada's largest market withered by the closing bell Tuesday, as investors did not notice the favourable inflation news.
The TSX Composite Index retreated 98.97 points to close Tuesday at 27,823.88.
The Canadian dollar crumbled 0.32 cents to 72.13 cents U.S.
Gold stocks took the biggest bath on the day, with Aya Gold & Silver tumbling 82 cents, or 6.6%, to $11.56, while Lundin Gold waned $4.53, or 5.6%, to $75.90.
Materials also floundered, as First Majestic Silver fell back 52 cents, or 4.3%, to $11.62, while G Mining Ventures ditched $1.07, pr 5.7%, to $17.07.
In health-care stocks, Bausch Health Companies settled 28 cents, or 2.5%, to $10.79, while Sienna Senior Living shares ducked back 21 cents, or 1.2%, to $18.04.
Industrial stocks tried to restore the balance, with TFI International galloping $3.99, or 3.2%, to$129.73, while Canadian Pacific Kansas City grabbed $2.29, or 2.3%, to $103.99.
In consumer staples, Jamieson Wellness moved ahead 90 cents, or 2.5%, to $36.89, while North West Company advanced 40 cents to $52.07.
In consumer discretionary stocks, Restaurant Brands International gained $1.37 to $92.29, while Magna International picked up 82 cents, or 1.4%, to $61.63.
In macroeconomic news, July's consumer price index rose 1.7% year over year, down from a 1.9% increase in June. On a seasonally adjusted monthly basis, the CPI rose 0.1% in July.
Economists polled by Reuters expected CPI to show a moderation in the annual inflation rate to 1.8% last month from 1.9% in June.
A Reuters poll released on Tuesday found the index is set to extend its record-setting run this year and next as lower borrowing costs and potential greater clarity on U.S. tariffs offset expected pressure on corporate profits.
ON BAYSTREET
The TSX Venture Exchange cratered 16.15 points, or 2.1%, to finish Tuesday at 772.93.
All but three of the 12 TSX subgroups were lower Tuesday, as gold moved lower 2.2%, while materials doffed 1.8%, and health-care dropped 1.6%.
The three gainers proved to be industrials, up 1%, consumer staples, better by 0.7%, and consumer discretionary issues, off 0.4%.
ON WALLSTREET
The S&P 500 pulled back on Tuesday, weighed down by Nvidia shares and a broad decline in technology stocks.
The Dow Jones Industrials came off their highs of the day, staying positive only 10.57 points to 44,922.28. The 30-stock index had touched a fresh record high during the session, powered by a pop in Home Depot.
The broader index drifted lower 37.69 points to 6,411.46.
The NASDAQ wilted 314.82 points, or 1.5%, to 21,314.95.
Shares of megacap tech and big-name chipmakers declined. Nvidia shares lost 3.5%, while Advanced Micro Devices ditched 5.4% and Broadcom slipped 3.6%.
Shares of high-flying software stock Palantir dropped more than 9%, making it the S&P 500's worst performer. Other major tech-related names such as Tesla, Meta Platforms and Netflix were also under pressure.
Investors have awaited these reports as they search for clues on how the consumer is faring amid a mixed inflation outlook and evolving U.S. trade policy.
Wall Street is also looking for clues from Fed Chair Jerome Powell as to what will happen at the central bank's remaining policy meetings this year. Central bank officials from around the globe will convene this week in Jackson Hole, Wyoming for the Fed's annual economic symposium.
The fed funds futures market is indicating an 83% chance for a quarter-point rate cut at the Fed's next policy meeting in September.
Prices for 10-year Treasury gained ground Tuesday, lowering yields to 4.31% from Monday's 4.34%. Treasury prices and yields move in opposite directions.
Oil prices ditched $1.02 to $62.40 U.S. a barrel.
Gold prices sank $17.70 cents at $3,360.30 U.S. an ounce.
COMTEX_468162899/2559/2025-08-19T16:42:19
