"TSX Slides on Disappointing CPI Data and Commodity Price Declines"

Canada's main stock index, the TSX, dropped 0.64% amid a broad selloff, with the materials sector leading the losses, following disappointing December CPI data that showed core inflation rising more than expected. Investors are now less hopeful for an early interest rate cut by the Bank of Canada. Barrick Gold and First Quantum Minerals were among the individual stocks that saw declines after reporting lower preliminary gold production and halting production at a copper mine, respectively.