Canada: TSX Falls as Mining Losses Weigh.

The TSX fell 0.3% to close at 33,741 on Tuesday, pressured by losses in heavyweight mining stocks as gold prices declined. Agnico Eagle dropped 3.8%, Barrick lost 2.8%, and Wheaton Precious Metals shed 4.8%. Gold prices weakened as uncertainty surrounding the Middle East conflict and persistent inflation concerns continued to weigh on sentiment. Meanwhile, Canada’s annual inflation rate accelerated to 2.8% in April from 2.4% in March, largely driven by higher gasoline prices, though the reading came in below forecasts of 3.1%. Core inflation measures slowed more than expected to their lowest levels in five years, supporting the Bank of Canada’s view that energy-driven inflation pressures may eventually fade and easing concerns over further rate hikes. Most major banks traded higher, with BMO gaining 0.9%. Energy producers also advanced as oil prices remained elevated, with Canadian Natural up 2.8% and Suncor adding 1.9%.