The S&P TSX Composite fell 0.5% to close near 32,897, pulling further away from record highs as weakness in commodity heavyweights outweighed strength in financials. Materials led losses with Barrick Gold down 2.6%, Agnico Eagle off 1.6%, Wheaton Precious Metals lower by 2.4% and Teck Resources down 1.6%, as bullion and base metals consolidated after a strong rally and elevated positioning left the sector vulnerable to profit taking. Energy shares also softened amid crude volatility, with Enbridge down 4.2%, Suncor losing 1.4% and Imperial Oil falling 2.2%. In contrast, banks helped limit the downside as TD gained 0.4% and Scotiabank added 0.8% after January inflation slowed to 2.3%, reinforcing expectations that the Bank of Canada could begin easing later this year.