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Bar chart showing TSX sector and stock moves Monday, led by declines in CIBC and National Bank.

TSX financials fell more than 1% Monday, led by a 2% decline in CIBC, even as fresh inflation data gave the Bank of Canada exactly the cooling it said it needed when it held rates on July 15. The selloff reflects traders still pricing at least 25 basis points of rate hikes by year end, a bet that runs against the soft CPI print. Technology names, including Shopify, tracked a Nasdaq rally driven by chip strength ahead of earnings from Tesla, Alphabet and Intel.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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Charts and data on this site are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Each chart reflects the source and period indicated on it and may not represent current market conditions.

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