Oct 27 - Canada's main stock index was set for a second consecutive week of declines after TSX fell on Friday, led by losses in energy shares, while expectations rose that the U.S. Federal Reserve will hold back on any further interest rate hikes as inflation cools down.Energy sector was the top loser, falling 1.1% despite oil prices rising 1% a barrel on Friday.
Higher copper prices also added to the gains in materials shares with upbeat signs of recovery in top metals consumer China. "Investors should view this pace of declines in inflation as generally positive and remain cautiously optimistic that inflation will abate going forward," Pietrangelo added.
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