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Market Impact: 0.35
Canadian Stocks Advance Amid Easing Oil Prices, Rising Fed Rate Hike Concerns
Source: Nasdaq
Geopolitics & WarEnergy Markets & PricesInvestor Sentiment & Positioning
Canadian equities rose on Friday, partially reversing losses from the prior four sessions, after reports of a prospective Iran-Gulf Cooperation Council meeting to de-escalate regional tensions. The diplomatic developments improved risk sentiment and raised expectations for an earlier reopening of disrupted Gulf routes, easing concerns around regional energy supply and trade flows.
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