Stocks Gain at Outset

Canada's main stock index edged higher on Tuesday, as benign U.S. inflation data reinforced expectations for an interest-rate cut by the country's Federal Reserve in September.

The TSX Composite Index gained 65.71 points to begin Tuesday at 27,840.94

The Canadian dollar dipped 0.01 cents to 72.59 cents U.S.

ON BAYSTREET

The TSX Venture Exchange fell 3.15 points to 790.09 Monday

Eight of the 12 TSX subgroups were higher Tuesday, led by telecoms, up 1.2%, health-care, up 1%, and financials, better by 0.6%.

The four laggards were weighed most by consumer staples and consumer discretionary shares, each down 0.3%, and real-estate, off 0.2%.

ON WALLSTREET

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.

The Dow Jones Industrial Average resurfaced 379.65 points to 44,354.74.

The S&P 500 index regained 35.29 points to 6,408.74.

The NASDAQ climbed 127.37 points to 21,512,77.

Stablecoin issuer Circle Internet Group jumped 12% after reporting a 53% year-over-year rise in its second-quarter revenue.

Tuesday’s fresh inflation data release reassured investors, who have feared that President Donald Trump’s broad tariff policies could spike prices in the U.S. economy.

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 — slightly more than the expected 3%.

Prices for 10-year Treasury were down Tuesday, raising yields to 4.30% from Monday’s 4.28%. Treasury prices and yields move in opposite directions.

Oil prices slid 39 cents to $63.57 U.S. a barrel.

Gold prices tumbled $19.50 to $3,385.20 U.S. an ounce.