Stock Market Impact: The S&P/TSX composite slipped 0.5% to 34,653.87, ending a four‑day rally, while the S&P/TSX 60 fell 0.2%; U.S. indices were mixed with the Dow up 0.4% and the S&P 500 and Nasdaq flat.
Listed Companies and Sectors: Canadian banks BMO Financial, Bank of Nova Scotia and National Bank of Canada posted Q2 earnings that beat estimates. Semiconductor giants Micron Technology and SK Hynix surged, with Micron joining the $1 trillion market‑cap club as its high‑bandwidth memory supply sold out.
Investment Flows: The article notes heightened institutional investor interest in Micron, but provides no specific FDI/FPI figures.
Interest Rates, Inflation, and Liquidity: Brent crude fell 2.9% to $96.73/barrel and WTI dropped 5.3% to $88.78, easing oil‑price driven inflation concerns; gold slipped 1.2% to $4,455.61/oz, reflecting expectations of higher‑for‑longer interest rates.
Fiscal or Monetary Policy: No direct fiscal or monetary policy announcements; mentions potential central‑bank rate hikes in response to inflation pressures.
