\n
\n
<\/p>\n
Stock indices in Canada\u2019s largest centre found their stride by noon EDT on Tuesday, as benign U.S. inflation data reinforced expectations for an interest-rate cut by the country’s Federal Reserve in September.<\/p>\n
The TSX Composite Index gained 108.67 points midday Tuesday at 27,883.90 <\/p>\n
The Canadian dollar edged ahead 0.07 cents to 72.67 cents U.S. <\/p>\n
Telecoms showed the way up, with Rogers Communications grabbing 88 cents, or 1.9%, to $47.58, while shares in Quebecor gathered 78 cents, or 2%, to $39.03. <\/p>\n
ON BAYSTREET <\/p>\n
The TSX Venture Exchange dipped 4.98 points to 788.26 by lunchtime Tuesday. <\/p>\n
All but three of the 12 TSX subgroups were higher Tuesday, led by telecoms, up 1.4%, health-care, up 1.3%, and information technology stocks, clicking up 1%. <\/p>\n
The three laggards were consumer staples, improving 0.5%, utilities, backtracking 0.3%, and industrials, off 0.03%. <\/p>\n
ON WALLSTREET <\/p>\n
Stocks rose Tuesday as investors breathed a sigh of relief that a tamer-than-expected inflation report might give the Federal Reserve the green light to cut interest rates next month. <\/p>\n
The Dow Jones Industrial Average ballooned 458.47 points to 44,333.56. <\/p>\n
The S&P 500 index regained 53.73 points to 6,426.76. <\/p>\n
The NASDAQ hiked 202.02 points to 21,587.43. <\/p>\n
Stablecoin issuer Circle Internet Group jumped 12% after reporting a 53% year-over-year rise in its second-quarter revenue. <\/p>\n
Tuesday\u2019s fresh inflation data release reassured investors, who have feared that President Donald Trump\u2019s broad tariff policies could spike prices in the U.S. economy. <\/p>\n
The consumer price index rose 2.7% on an annualized basis in July, while a Dow Jones estimate had called for a 2.8% rise. So-called core CPI, which strips out volatile food and energy prices, increased by 3.1% year on year \u2014 slightly more than the expected 3%. <\/p>\n
Expectations for lower rates soared following the report. Traders are now pricing in a nearly 91% chance of a rate cut next month. That\u2019s up from a 85% chance before the data release. Traders also increased their bets on rate cuts in October and December. <\/p>\n
Prices for 10-year Treasury were down Tuesday, raising yields to 4.30% from Monday\u2019s 4.28%. Treasury prices and yields move in opposite directions. <\/p>\n
Oil prices slid 68 cents to $63.28 U.S. a barrel. <\/p>\n
Gold prices stepped back $1.50 to $3,403.20 U.S. an ounce. <\/p>\n","protected":false},"excerpt":{"rendered":" Stock indices in Canada\u2019s largest centre found their stride by noon EDT on Tuesday, as…\n","protected":false},"author":2,"featured_media":64548,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[45,49,48,100],"class_list":["post-64547","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-ca","tag-canada","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/64547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=64547"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/64547\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/64548"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=64547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=64547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=64547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}