Canada's main stock index slipped on Tuesday, dragged down by commodity-linked shares after a pullback in precious metals and oil prices, while investors assessed January inflation data.
The TSX plunged 220.76 points, or 1.2% to stop for noon Tuesday at 32,852.95.
The Canadian dollar faded 0.10 cents at 73.23 cents U.S.
In corporate news, Wheaton Precious Metals said it has signed a silver streaming agreement worth $4.3 billion with BHP Group. BHP will deliver silver from its share of output at Peru's Antamina mine.
Wheaton shares moved into noon hour down $6.86, or 3.5%, to $191.82.
Markets were shuttered Monday, in Canada, for Family Day, in the U.S., for Presidents’ Day.
Tuesday has been a busy one for macroeconomics. January inflation numbers saw the light of day. Housing starts in Canada rose to 238,000 in January from 280,700 in December, while manufacturing sales in Canada rose 0.6% in the last month of calendar 2025, the number having plunged 1.3% the month before.
The consumer price index grew 2.3% in January, compared to a boost of 2.4% in December. On a seasonally adjusted monthly basis, the CPI rose 0.1% in January.
Also in December, wholesale trade hiked 2%, compared to a slide of 1.8% the month before. New motor vehicle sales sold in Canada numbered 127,248 in December, decreasing 6.1% from December 2024. In dollar terms, sales decreased 7.4% in December 2025 compared with one year earlier
Also in December, Canadian investors acquired $13.1 billion of foreign securities, led by purchases of US shares. Meanwhile, foreign investors reduced their holdings of Canadian securities by $5.6 billion, following six consecutive months of investment totalling $145.4 billion.
ON BAYSTREET
The TSX Venture Exchange backpedaled 28.5 points, or 2.9%, to 963.46.
The 12 TSX subgroups were evenly split, with gold wobbling 5%, materials down 4.9%, and energy ailing 1.3%.
The half-dozen gainers were led by consumer staples, up 1%, telecoms, ahead 0.8%, and industrials better by 0.7%.
ON WALLSTREET
The S&P 500 was little changed on Tuesday as Wall Street struggles to regain its footing after yet another losing week.
The Dow Jones Industrial Average recovered 67.05 points to 49,567.98.
The broader index poked 3.51 points to 6,839.68.
The NASDAQ remained in the red 42.71 points to 22,503.91.
ServiceNow, was more than 1% lower, with its fall in 2026 standing at 31%. Autodesk and Palo Alto Networks were down around 2%. The former has notched as 23% decline this year, while the latter has fallen 11%. Salesforce and Oracle shares declined more than 2% and roughly 3%, and their year-to-date losses were at 30% and 20%, respectively.
AI disruption worries hit industries such as software, real estate, trucking and financial services last week, pushing the S&P 500 to its second consecutive losing week. Both the S&P 500 and blue-chip Dow lost more than 1% last week, while the technology-heavy NASDAQ lost more than 2%.
Investors will get more insight into the path of inflation this week, with the personal consumption expenditure report slated for Friday. Before then, they’ll monitor Federal Reserve meeting minutes on Wednesday.
Prices for the 10-year Treasury slid, bringing yields back Friday’s 4.05%. Treasury prices and yields move in opposite directions.
Oil prices were tossed 71 cents Tuesday to $62.18 U.S. a barrel.
Gold prices tumbled $158.30 to $4,888 U.S. an ounce.
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