Canada’s S&P/TSX Composite Index rose 0.5% to 27,921 on Tuesday, matching its record high, as softer US inflation data reinforced expectations of a September interest-rate cut by the Federal Reserve, boosting rate-sensitive sectors. Sentiment was further lifted by news that Washington and Beijing agreed to a 90-day rollback on higher tariffs, easing immediate pressure on global trade. Materials led gains, with Barrick Mining up 3%, while tech heavyweights Shopify and Celestica advanced over 1.2% and 4.2%, respectively. Financials also contributed, with Brookfield climbing 1.9%. On the domestic data front, the total value of Canadian building permits tumbled 9.0% month-on-month to CAD 12.0 billion in June, far exceeding the expected 3.4% drop and reversing May’s revised 12.8% surge, marking the steepest decline since June 2024.