(Adds details throughout; updates prices)
* TSX ends down 90.87 points, or 0.5%, at 19,578.30
* Technology loses 4.1%; Nuvei tumbles 21.4%
* Health care drops 7.9% as cannabis shares slide
* Energy gains 0.6%
Aug 9 (Reuters) - Canada's main stock index fell on Tuesday,
with technology shares leading the move lower ahead of U.S.
inflation data expected to set the tone for additional Federal
Reserve interest rate increases.
The Toronto Stock Exchange's S&P/TSX composite index
ended down 90.87 points, or 0.5%, at 19,578.30, after
four straight days of gains.
"We're seeing a little bit of weakness from the U.S. side as
investors await the CPI reading," said Angelo Kourkafas,
investment strategist at Edward Jones Investments.
"The CPI will be the determining factor, whether another 75
basis points hike is needed in September, or if the Fed can
pivot to tightening at a slower pace."
The Fed hiked rates by a hefty three quarters of a
percentage point in both June and July, with traders seeing
about a two-thirds chance of another
three-quarter-percentage-point hike next month.
Wall Street also closed down after a dismal forecast from
Micron Technology pulled chip makers and tech stocks lower.
The Toronto market's technology sector lost 4.1%, with
shares of Nuvei Corp tumbling 21.4% after the company
reported quarterly earnings that missed analysts' estimates.
Healthcare dropped 7.9%, pressured by declines for cannabis
shares. Cronos Group Inc ended 13.9% lower as its
quarterly revenue fell short of estimates and it flagged higher
Resource shares helped limit the TSX's decline. The energy
sector rose 0.6% despite a dip in oil prices and the materials
group, which includes precious and base metals miners and
fertiliser companies, added 0.5%.
(Reporting by Fergal Smith; Additional reporting by Johann M
Cherian and Sruthi Shankar in Bengaluru; Editing by Shounak
Dasgupta and Deepa Babington)