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OTTAWA — Canada's inflation rate has been rising for two consecutive months as underlying price pressures remain stubbornly high, a combination that makes the Bank of Canada's next interest rate decision more challenging. Statistics Canada released its latest inflation reading on Tuesday, which shows the annual rate rose to four per cent in August, up from 3.3 per cent in July. Forecasters were widely anticipating inflation to come in hotter last month due to higher gasoline prices.
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Stock market today: Global shares mixed ahead of U.S. Federal Reserve interest rate decisionGlobal shares were mixed in cautious trading Tuesday ahead of the U.S. Federal Reserve's upcoming decision on interest rates.
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Stock market today: Asian shares weaker ahead of Federal Reserve interest rate decisionTOKYO (AP) — Asian shares were mostly lower in cautious trading Tuesday ahead of the Federal Reserve’s upcoming decision on interest rates. Japan's benchmark Nikkei 225 dropped 1.1% to 33,160.03. Australia's S&P/ASX 200 lost 0.5% to 7,196.70. South Korea's Kospi edged down 0.7% to 2,556.42. Hong Kong's Hang Seng slipped 0.2% to 17,893.99, while the Shanghai Composite fell 0.1% to 3,122.21. The Fed is due to wrap up a two-day meeting on Wednesday. Japan's central bank will meet Thursday-Friday as
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
TSX declines, U.S. stock markets flat as U.S. Federal Reserve rate decision loomsTORONTO — Losses in technology and base metal stocks helped lead a broad-based decline as Canada's main stock index fell almost 130 points, while U.S. stock markets lost steam midway through the trading day to essentially end flat.
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