S&P 500, Nasdaq gain on soft inflation data, but energy stocks drag down TSX

"The greenback is powering higher against all rivals, overwhelming any domestic fundamentals," said Karl Schamotta, chief market strategist at Corpay “That's on the back of yesterday's hotter-than-expected U.S. inflation print and today's firmer than anticipated rise in services inflation, all of which is setting the stage for a later start to the U.S. easing cycle and a shallower outcome." Read the Globe and Mail article here.