Markets in Toronto shook off some of their gains from previous days, weighed by consumer discretionary and gold stocks.
The S&P/TSX Composite fell 73.58 points to close the day’s trading at 14,703.44.
The Canadian dollar gained 0.4 cents to 77.82 cents U.S.
Ritchie Bros. Auctioneers took lumps on behalf of the discretionary stocks, docking 64 cents, or 1.7%, to $36.16.
Among gold stocks, Yamana Gold doffed 20 cents, or 2.8%, to $7.07, while rival Barrick Gold slid 41 cents, or 1.5%, to $27.39.
Telecoms had a rough day of it, too, with BCE Inc. falling 71 cents, or 1.1%, to $62.24, while Rogers Communication tumbled 69 cents, or 1.2%, to $57.32.
Consumer staples proved the lone stalwart, as Alimentation Couche-Tard climbed $1.89, or 3.1%, to $62.00, while Loblaw moved up 62 cents to $73.13.
On the economic beat, Statistics Canada reported that manufacturing sales rose 0.8% to $50.2 billion in June, following a 1.0% decline in May.
ON BAYSTREET
The TSX Venture Exchange was positive 2.45 points to end Tuesday at 838.55
All but two of the 13 subgroups were negative by day’s end as consumer discretionary stocks slipped 1.1%, while gold and telecoms were each down 0.8%.
The lone gainer was consumer staples, ahead 1.1%.
Metals and mining stocks remained unchanged on the day.
ON WALLSTREET
Stocks closed lower Tuesday, with telecommunications lagging, as investors awaited the release of the minutes from the U.S. Federal Reserve's July meeting.
The Dow Jones Industrials faltered 84.03 points to 18,552.02, extending losses shortly before the close, with Johnson & Johnson contributing the most losses.
The S&P 500 slid 12 points to 2,178.15, with telecommunications falling about 2%.
The NASDAQ Composite lost 34.9 points to 5,227.11
The Fed is scheduled to release the minutes of its July meeting Wednesday at 2 p.m. ET.
A slew of companies posted quarterly results, including Dow component Home Depot and Dick's Sporting Goods.
U.S. economic data came in mixed, with the July reading of the consumer price index (CPI) coming in unchanged — matching expectations — and July housing starts coming in at a five-month high. Industrial production for the same month, meanwhile, rose 0.7%, more than the 0.3% expected increase.
Prices for the 10-year Treasury fell, raising yields to 1.58% from Monday’s 1.56%. Treasury prices and yields move in opposite directions.
Oil prices gained 90 cents a barrel to $46.64 U.S.
Gold prices hiked $3.80 to $1,351.30 U.S. an ounce.
