Canada’s inflation rate unexpectedly rose to 4.0% in August, surpassing the expected 3.8% and July’s 3.3% print. The rising price of crude oil was the main culprit. The news hit the TSX Tuesday and pushed the index down 1.34%, with all sectors in the red, particularly staples, industrials and materials. Bay Street feared that the Bank of Canada will hike rates once more. <\/p>\n\n\n\n
Key movers included Baytex<\/a> at -3.4%, CNQ<\/a> -1.44%, Equinox Gold<\/a> sinking nearly 20% and Bausch Health<\/a> at -8.14%. WTI was basically flat above $91.<\/p>\n\n\n\n The U.S. Fed began its scheduled two-day meeting Tuesday, but Wall Street continued to feel jittery over tomorrow’s interest rate announcement. The American indices modestly declined with the S&P closing -0.22%, the Nasdaq -0.23%, and the Dow -0.31%. Major movers here included Amazon<\/a> at -1.68%, Intel<\/a> -4.34%, Disney<\/a> -3.62%, Freeport McMoRan<\/a> -3.41% and Mosaic<\/a> up 3.36%. The U.S. 10-year yield hovered around 4.369% while Bitcoin<\/a> added 1.4% to $27,100.<\/p>\n\n\n\n 🛢 Baytex Energy Corp\u00a0(BTE-T)<\/a> -3.4%<\/p>\n\n\n\n 🛢 Canadian Natural Rsrcs\u00a0(CNQ-T)<\/a> -1.44%<\/p>\n\n\n\n 🥇 Equinox Gold\u00a0(EQX-T)<\/a> -20%<\/p>\n\n\n\n 👨⚕️ Bausch Health Companies Inc.\u00a0(BHC-T)<\/a> -8.14%<\/p>\n\n\n\n 📦 Amazon.com, Inc.\u00a0(AMZN-Q)<\/a> -1.68%<\/p>\n\n\n\n 💾 Intel\u00a0(INTC-Q)<\/a> -4.34%<\/p>\n\n\n\n 👸 Walt Disney Co.\u00a0(DIS-N)<\/a> -3.62%<\/p>\n\n\n\n ⛏ Freeport McMoran Copper & Gold\u00a0(FCX-N)<\/a> -3.41%<\/p>\n\n\n\n 🌿 Mosaic Company (The)\u00a0(MOS-N)<\/a> +3.36%<\/p>\n\n\n\n