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Market Update: Canadian Shares Hover at All-time Highs
The benchmark S&P/TSX Composite was little changed around record levels on Wednesday, tracking muted sentiment on Wall Street as investors await comments from the US Federal Reserve on when it would ease its monetary stimulus. On the data front, latest figures showed the Consumer Price Index rose 3.6% in May, the largest yearly increase since May 2011. Although base-year effects continue to impact the 12-month price movement for some specific consumer goods, such as gasoline, furniture and beef products, the increase in year-over-year price growth in May was led by rising prices for shelter and passenger vehicles. [/s2If]
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