The S&P/TSX Composite Index edged above 36,500, extending its record-breaking streak as softer U.S. inflation and weak labor market data supported expectations that the Federal Reserve will refrain from further rate hikes. U.S. CPI inflation eased to 3.4% in July from 3.5%, matching forecasts, while the Bank of Canada is widely expected to leave interest rates unchanged at its September meeting. The backdrop favored credit-sensitive North American equities, helping major Canadian banks move higher. RBC, TD Bank and BMO gained more than 0.5%, while CIBC and Scotiabank rose nearly 1%. Miners also advanced as gold prices strengthened, with Agnico Eagle and Barrick up more than 1.5%. Not all stocks participated in the rally: Franco-Nevada fell 3% after missing earnings expectations, Constellation Software tumbled near 7% after revenue slightly missed forecasts despite an EPS beat, Hydro One gained 2% on higher profit, and Metro dropped 2% after weaker adjusted earnings in fiscal Q3.