Canada’s main stock index fell from its record highs on Wednesday. While most sectors were down, the financial, telecom and utilities markets saw some gains.
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As market participants digested yet another key inflation reading, US indexes also fell, following a report that showed surge in consumer prices that deepened fears that high inflation is here to stay amid supply chain snarls. The Labor Department's data also found that in the 12 months through October the consumer price index increased 6.2%, the largest year-on-year advance since November 1990.
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The Canadian dollar traded for 80.45 cents US compared with 80.35 cents US on Tuesday.
Crude oil prices were down $3.05 to $81.10.
The price of gold was up 18.43 to $ 1,848.14.
In world markets, the Nikkei was down 178.68 points to 29,106.78, the Hang Seng was up 183.01 points to 24,996.14, the FTSE was up 66.11 points to 7,340.15, and the DAX was up 27.36 points to 16,067.83.
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