Canadian stocks extended their winning streak into Tuesday, driven by June’s inflation rate falling to 2.7% and fueling the chances of the Bank of Canada cutting interest rates next week. The dividend-heavy TSX rallied nearly across the board by 1.07% to closed a hair below 23,000 to set another record. <\/p>\n\n\n\n
The most active names were TD<\/a> up 1.97% and Suncor<\/a> sinking 1.19% though energy lagged the most. Elsewhere, Shopify<\/a> soared 8.54%, Canfor<\/a> 5.62% and First Majestic Silver<\/a> 5.42%. WTI crude slid 1.3% to dip below US$81 a barrel while gold jumped US$45 to a new high of US$2,467.<\/p>\n\n\n\n In the U.S., the same sentiment continued to drive the Dow also to another record close. The Dow leapt 1.85% to nearly 41,000 as the S&P gained 0.64% and the Nasdaq 0.2%. Once more, Nvidia<\/a> was the most active name at -1.62%, followed by Tesla<\/a> up 1.55%. Bank of America<\/a> rallied 5.35% on earnings as Warner Bros. Discovery<\/a> jumped 7.98%. The U.S. 10-year yield continued to retreat, slipping to 4.161%. Bitcoin<\/a> inched 0.2% to nearly US$65,000.<\/p>\n\n\n\n 🏛 Toronto Dominion\u00a0(TD-T)<\/a> +1.97%<\/p>\n\n\n\n 🛢Suncor Energy Inc\u00a0(SU-T)<\/a> -1.19%<\/p>\n\n\n\n 🛍 Shopify Inc.\u00a0(SHOP-T)<\/a> +8.54%<\/p>\n\n\n\n 🌲 Canfor Corp\u00a0(CFP-T)<\/a> +5.62%<\/p>\n\n\n\n 🥈 First Majestic Silver\u00a0(FR-T)<\/a> +5.42%<\/p>\n\n\n\n 💾 NVIDIA Corporation\u00a0(NVDA-Q)<\/a> -1.62%<\/p>\n\n\n\n 🚗 Tesla Inc\u00a0(TSLA-Q)<\/a> +1.55%<\/p>\n\n\n\n 🏛 Bank of America\u00a0(BAC-N)<\/a> +5.35%<\/p>\n\n\n\n 📺 Warner Bros. Discovery\u00a0(WBD-Q)<\/a> +7.98%<\/p>\n\n\n\n