The Canadian stock market fell on Tuesday due to soft domestic inflation data and uncertainty over US Fed rate cuts. The S&P/TSX Composite Index closed at 27,823.88, down by 0.35%. Annual inflation rate in Canada eased to 1.7% in July, below market forecasts of 1.8%. Core consumer prices increased by 2.6% in July. Trump’s push for peace has increased hopes of ending the Russia-Ukraine war. The Jackson Hole Economic Symposium is highly anticipated, with concerns about stagflation rising in the US. Major sectors that gained were Industrials, Real Estate, Consumer Staples, and Consumer Discretionary. Among individual stocks, Tfi International Inc, Canadian Pacific Kansas City, Firstservice Corp, and Restaurant Brands International Inc were notable gainers. Energy, Healthcare, IT, and Materials sectors saw losses, with Enerflex Ltd, Ces Energy Solutions Corp, Bausch Health Companies Inc, Aya Gold and Silver Inc, and Orla Mining Ltd as notable losers. Terravest Capital Inc and Jamieson Wellness Inc were among the prime market-moving stocks.

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