Wednesday saw the release of July’s consumer inflation print in the U.S. which reflected the four-straight month of declines. The numbers were modestly lower than what the street expected, reinforcing the belief that the U.S. Fed will cut interest rates in September. The S&P added 0.4%, the Nasdaq 0.1% and the Dow by 0.66%. Kellanova stole headlines, though, when Mars announced it was buying the snack company for US$36 billion in the biggest deal of 2024. <\/p>\n\n\n\n
Other notable names: Tesla<\/a> -3.02%, Albemarle<\/a> -5.65%, Progressive Corp.<\/a> 5.41% and Charles Schwab<\/a> 4.8%. The U.S. 10-year yield edged down to 3.837% while Bitcoin<\/a> slumped 2.5% to US$59,000.<\/p>\n\n\n\n Similarly, the TSX rose 0.54% in overall positive trading. CAE<\/a> reported a beat and rallied 5%, though Franco-Nevada<\/a> missed and sank 4.8%. Tilray<\/a> announced it was buying several beer brands from Molson’s and jumped 4.33% while Element Fleet Management<\/a> climbed 5.62%. CNQ<\/a> added 1.02% as the most-active name. Gold retreated US $17 to US$2,447 an ounce while WTI slipped 1.6% to US$77.<\/p>\n\n\n\n 🚗 Tesla Inc\u00a0(TSLA-Q)<\/a> -3.02%<\/p>\n\n\n\n ⛏ Albemarle Corp\u00a0(ALB-N)<\/a> -5.65%<\/p>\n\n\n\n 🏛 Progressive Corporation\u00a0(PGR-N)<\/a> +5.41%<\/p>\n\n\n\n 🏛 Charles Schwab Corp\u00a0(SCHW-N)<\/a> +4.8%<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -2.5%<\/p>\n\n\n\n 🚚 CAE Inc\u00a0(CAE-T)<\/a> +5%<\/p>\n\n\n\n ⛏ Franco-Nevada Corp.\u00a0(FNV-T)<\/a> -4.8%<\/p>\n\n\n\n 🌿 Tilray Inc.\u00a0(TLRY-Q)<\/a> +4.33%<\/p>\n\n\n\n 🏛 Element Fleet Management\u00a0(EFN-T)<\/a> +5.62%<\/p>\n\n\n\n