{"id":332375,"date":"2023-07-18T19:16:39","date_gmt":"2023-07-18T23:16:39","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=332375"},"modified":"2023-07-18T19:16:39","modified_gmt":"2023-07-18T23:16:39","slug":"canadian-inflation-cools-stocks-heat-up","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/canadian-inflation-cools-stocks-heat-up\/","title":{"rendered":"Canadian inflation cools, stocks heat up"},"content":{"rendered":"<p>Tuesday saw more inflation data fan the current stock market rally. Canadian inflation fell to 2.8%, though core inflation including food remains stubbornly high. The TSX gained 0.75% as most sectors rallied, led by materials and financials, the latter enjoying the tailwind stirred by American banks reporting positive quarters in recent days.<\/p>\n<p>On Bay Street, notable movers included <a href=\"https:\/\/stockchase.com\/CNQ-T\">CNQ<\/a> up 2.93%, <a href=\"https:\/\/stockchase.com\/EDR-T\">Endeavour Silver<\/a> popping nearly 7%, <a href=\"https:\/\/stockchase.com\/TFII-T\">TFI International<\/a> advancing 5.8% (as transports on both sides of the border extend winning streaks), <a href=\"https:\/\/stockchase.com\/PD-T\">Precision Drilling<\/a> rising 5.08%, though <a href=\"https:\/\/stockchase.com\/SVI-T\">Storagevault<\/a> sank 3.07%. WTI oil gained over 2% to nearly top $76 a barrel.<\/p>\n<p>On Wall Street, financials continue to return in vogue driven by positive earnings. <a href=\"https:\/\/stockchase.com\/SCHW-N\">Schwab<\/a> soared 12.21% and <a href=\"https:\/\/stockchase.com\/BAC-N\">Bank of America<\/a> rallied 4.39%. Also, tech continued its run with <a href=\"https:\/\/stockchase.com\/MSFT-Q\">Microsoft<\/a> hitting new highs with a 4.33% gain and <a href=\"https:\/\/stockchase.com\/NFLX-Q\">Netflix<\/a> adding 5.42%. Meanwhile, bellwhether <a href=\"https:\/\/stockchase.com\/FDX-N\">FedEx<\/a> rose 2.84%. The S&amp;P finished 0.83% higher to close above 4,500, the Nasdaq 0.96%, and the Dow 1.1% to nearly reach 35,000. The U.S. 10-year yield slipped to 3.793% while Bitcoin declined to $29,700.<\/p>\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CNQ-T\">Canadian Natural Rsrcs (CNQ-T)<\/a> +2.93%<br \/>\n&#x1f948; <a href=\"https:\/\/stockchase.com\/EDR-T\">Endeavour Silver Corp. (EDR-T)<\/a> +7%<br \/>\n&#x1f69a; <a href=\"https:\/\/stockchase.com\/TFII-T\">TFI International Inc (TFII-T)<\/a> +5.8%<br \/>\n&#x1f6e2; <a href=\"https:\/\/stockchase.com\/PD-T\">Precision Drilling (PD-T)<\/a> +5.08%<br \/>\n&#x1f69a; <a href=\"https:\/\/stockchase.com\/SVI-T\">StorageVault Canada (SVI-T)<\/a> -3.07%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/SCHW-N\">Charles Schwab Corp (SCHW-N)<\/a> +12.21%<br \/>\n&#x1f3db; <a href=\"https:\/\/stockchase.com\/BAC-N\">Bank of America (BAC-N)<\/a> +4.39%<br \/>\n&#x24c2; <a href=\"https:\/\/stockchase.com\/MSFT-Q\">Microsoft Corp (MSFT-Q)<\/a> +4.33%<br \/>\n&#x1f4fa; <a href=\"https:\/\/stockchase.com\/NFLX-Q\">Netflix Inc. (NFLX-Q)<\/a> +5.42%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/FDX-N\">FedEx (FDX-N)<\/a> +2.84%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tuesday saw more inflation data fan the current stock market rally. Canadian inflation fell to 2.8%, though core inflation including food remains stubbornly high. The TSX gained 0.75% as most sectors rallied, led by materials and financials, the latter enjoying [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-332375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/332375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=332375"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/332375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=332375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=332375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=332375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}