The S&P/TSX Composite slipped 0.4% to close at 29,400 on Tuesday as investors digested softer-than-expected inflation data ahead of the Bank of Canada’s policy decision tomorrow. Canada’s annual CPI rose to 1.9% in August from 1.7% in July - below the 2.0% consensus and marking the fifth consecutive month beneath the BoC’s 2% midpoint - while the trimmed-mean core CPI, the Bank’s preferred gauge of underlying inflation, eased to 3.0% in August from 3.1% in July, in line with forecasts. Markets still expect the BoC to begin easing but have trimmed bets on the extent of rate cuts through the remainder of 2025. Heavyweight miners were among the biggest laggards, led by Wheaton Precious Metals down 2.4%, and rate-sensitive tech and financials also traded firmly in the red. Meanwhile, rising oil prices for a third session provided some offset from energy producers.