July’s CPI number came in at 2.7% compared to the expected 2.8%, though core inflation was 3.1% vs. the 3.0% estimate. Nonetheless, these figures sparked a rally on Wall and Bay streets, where investors now expected the U.S. Fed to cut interest rates next month. They also lifted the S&P, Nasdaq and TSX to fresh highs. The S&P rose 1.13% to 6,445, the Nasdaq 1.39% to 21,681 and the Dow 1.1%. <\/p>\n\n\n\n
Airlines were among Tuesday’s winners with United<\/a> soaring 10.23% and Delta<\/a> 9.23%. Meanwhile, Paramount Skydance<\/a> leapt 8.4%, Intel<\/a> 5.62% and Warner Bros. Discovery<\/a> 4.08%. The 10-year yield inched up to 4.287%. Bitcoin<\/a> rose 0.9% to US$119,920.<\/p>\n\n\n\n On Bay Street, the TSX rallied 0.53% to a new high of 27,921. All sectors except utilities finished in the green. Healthcare, real estate and materials were the best performers. Cenovus<\/a> climbed 2.15%, B2Gold<\/a> 4.64%, Altus Group<\/a> 9.51%, Iamgold<\/a> 6.44% and BRP<\/a> 5.85%. Gold itself increased US$5 to US$3,347 while WTI slid 1.3% to US$63.10.<\/p>\n\n\n\n 🛫 United Airlines Holdings (UAL-Q)<\/a> +10.23%<\/p>\n\n\n\n 🛫 Delta Air Lines Inc (DAL-N)<\/a> +9.23%<\/p>\n\n\n\n 🖨 Paramount Skydance Corporation (PSKY-Q)<\/a> +8.4%<\/p>\n\n\n\n 💾 Intel (INTC-Q)<\/a> +5.62%<\/p>\n\n\n\n 📺 Warner Bros. Discovery (WBD-Q)<\/a> +4.08%<\/p>\n\n\n\n 🅱 Bitcoin (BTCUSD) (CRYPTO:BTC)<\/a> +0.9%<\/p>\n\n\n\n 🛢 Cenovus Energy (CVE-T)<\/a> +2.15%<\/p>\n\n\n\n 🥇 B2Gold Corp. (BTO-T)<\/a> +4.64%<\/p>\n\n\n\n 🏛 Altus Group (AIF-T)<\/a> +9.51%<\/p>\n\n\n\n