Futures tracking the S&P/TSX Composite Index were sharply lower on Tuesday, contrasting with US counterparts on weaker commodity prices and the risk of restrictive monetary policy. Canada's headline inflation rose to a seven-month high of 2.4% in September, ahead of market expectations, while core gauges followed by the BoC unexpectedly refrained from slowing to pare bets that the central bank will cut its rate next week. In turn, gold prices retreated as investors took profits after recent record highs and trade tensions between the US and China somewhat eased, pressuring miners such as Barrick, Agnico Eagle, and Wheaton. Oil prices recovered modestly after Monday’s drop, lending some support to Canadian Natural, Suncor, and Imperial Oil. On the earnings front, Waste Connections is expected to report an EPS oft C$1.38 and revenue at C$2.45 billion. UBS recently cut its price target to C$190, citing modest sector performance expectations for 2025.