The Canadian market is down as consumer price inflation increased, potentially affecting rate cuts. The Federal Reserve’s monetary policy announcement is awaited. Materials and healthcare stocks are down, while energy stocks are up. The S&P/TSX Composite Index is down 0.6%. Baytex Energy is up 7.5%, Vermilion Energy up 4.75%, and other energy stocks up 2.3 to 3.5%. Materials stocks are down 3 to 4.2%. Canada’s annual inflation rate rose to 1.9% in August. Annual core inflation remained at 2.6%. Housing starts in Canada declined 16% in August to 245,791 units.

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