The S&P/TSX Composite Index fell about 0.3% to below the 31,450 level on Tuesday, pressured by steep losses in the energy sector as investors digested mounting evidence of a cooling US economy. Heavyweight energy producers Canadian Natural Resources, Suncor, Imperial Oil, and Cenovus led the decline, tumbling between 2% and 3.4% as oil prices continued to slide amid persistent oversupply concerns. Elsewhere, financials, miners, and technology stocks traded flat to lower, as a batch of delayed US data added to a cautious market, with markets still seeing scope for at least one additional rate cut next year. The jobs report showed the US economy added 64K jobs in November, above the 50K forecast, while the unemployment rate unexpectedly rose to 4.6%, its highest level since 2021, reinforcing signs of a cooling labour market. Retail sales were flat overall, adding to evidence of slowing demand.