Markets returned to business Tuesday after the long weekend on both sides of the border. Canadian inflation was down to 2.9% year-over-year in January, lower than the expected 3.1% and falling within the Bank of Canada’s target range. Despite the good news, the TSX declined 0.26% to close below 21,200. Only four sectors gained, led by consumer staples, while industrials and tech lagged the most. <\/p>\n\n\n\n
Notable names: Great-West Lifeco<\/a> up 1.24%, Cenovus<\/a> -1.11%, Canada Goose<\/a> 4.99%, Dundee Precious Metals<\/a> 6.55% and Methanex<\/a> -10.54%. WTI slid 1.25% to nearly $78 a barrel.<\/p>\n\n\n\n The picture was more bearish on Wall Street where jitters over inflation and interest rates weighed on investors. The S&P closed -0.75 to below 5,000, the Nasdaq -11% to 15,600 and the Dow -0.29%. The U.S. 10-year yield hovered around 4.275% as Bitcoin<\/a> climbed 0.4% to nearly $52,000. Major movers included Tesla<\/a> at -3.35%, AMD<\/a> -4.62% and Nvidia<\/a> -4.49% on the eve of earnings. The big news of Tuesday was Capital One<\/a> buying Discover Financial Services<\/a>. Shares rose 0.16% and 12.22% respectively.<\/p>\n\n\n\n 🏛 Great West Lifeco\u00a0(GWO-T)<\/a> +1.24%<\/p>\n\n\n\n 🛢 Cenovus Energy\u00a0(CVE-T)<\/a> -1.11%<\/p>\n\n\n\n 🧣 Canada Goose Holdings\u00a0(GOOS-T)<\/a> +4.99%<\/p>\n\n\n\n ⛏ Dundee Precious Metals Inc.\u00a0(DPM-T)<\/a> +6.55%<\/p>\n\n\n\n 🧫 Methanex Corp\u00a0(MX-T)<\/a> -10.54%<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> +0.4%<\/p>\n\n\n\n 🚗 Tesla Inc\u00a0(TSLA-Q)<\/a> -3.35%<\/p>\n\n\n\n 💾 Advanced Micro Devices\u00a0(AMD-Q)<\/a> -4.62%<\/p>\n\n\n\n 💾 NVIDIA Corporation\u00a0(NVDA-Q)<\/a> -4.49%<\/p>\n\n\n\n 🏛 Capital One Financial Corp\u00a0(COF-N)<\/a> +0.16%<\/p>\n\n\n\n