Equities in Canada’s largest centre dropped Tuesday to begin a short week, with much of the weakness coming from resource issues
The TSX lost 177.16 points to end Tuesday at 32,896.55.
The Canadian dollar faded 0.15 cents at 73.31 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 closed the session down $4.76, or 2.4%, to $193.92.
In the consumer discretionary sector, Aritzia tacked on $4.55, or 3.8%, to $123.18, while Restaurant Brands International jumped $2.87, or 3.2%, to $92.96.
In the industrial sector, MDA Inc. added $2.11, or 6.1%, to $37.01, while Brookfield Business Partners hiked $2.68, or 5.8%, to $48.76.
In telecoms, Cogeco Communications jumped $1.34, or 1.9%, to $70.34, while Telus added 27 cents, or 1.5%, to $18.62.
Gold stocks let the side down, with Aya Gold sliding $1.40, or 6%m, to $14.91, while Oceanagold lost $2.45, or 6%, to $49.80.
In materials, Discovery Silver handed back 63 cents, or 6.2%, to $9.55, while SSR Mining doffed $3.01, or 7.9%, to $35.30.
In energy, Advantage Oil docked 29 cents, or 2.7%, to $10.49, while Imperial Oil parted with $3.51, or 2.2%, to $159.74.
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 25.24 points, or 2.5%, to 966.75.
Eight of the 12 TSX subgroups moved upward, with consumer discretionary stocks up 0.8%, while industrials ahead 0.7%, and telecoms up
0.6%.
The four laggards were weighed most by gold, down 3%, materials off 2.6%, and energy, sliding 0.9%.
ON WALLSTREET
The S&P 500 eked out a narrow gain on Tuesday, as declines in software stocks weighed down the index.
The Dow Jones Industrial Average recovered 32.26 points to 49,533.19.
The broader index edged up 7.05 points to 6,843.22.
The NASDAQ fought its way into the green 31.71 points to 22,578.38.
Investors rotated out of beaten-down software names, which added to the losses they’ve seen this year, and into financial stocks such as Citigroup and JPMorgan. Shares of Citi jumped almost 3%, while shares of JPMorgan were up more than 1%.
ServiceNow, however, was more than 1% lower, with its fall in 2026 standing at about 31%. Autodesk and Palo Alto Networks were down more than 2%. The former has notched as 23% decline this year, while the latter has fallen 11%. Salesforce declined around 3%, while and Oracle shares dropped about 4%.
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 up to 4.06% from Friday’s 4.05%. Treasury prices and yields move in opposite directions.
Oil prices dipped 61 cents Tuesday to $62.28 U.S. a barrel.
Gold prices tumbled $145.60 to $4,900.70 U.S. an ounce.
