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Canadian Stocks End Roughly Flat Amid CPI Data, Increasing Oil Supply Concerns

Source: Nasdaq

InflationMonetary PolicyInterest Rates & YieldsEnergy Markets & PricesGeopolitics & War

Canadian equities ended nearly flat after inflation data reduced expectations for a near-term Bank of Canada rate hike. Investors also weighed potential crude-supply risks following Saudi Arabia's Friday announcement that it would close the East-West pipeline, creating offsetting support for energy prices.

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