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Market Update: TSX Falls for Second Day
Canadas main stock index fell for a second session on Friday, with the benchmark S&P/TSX Composite finishing below the 20,100 level dragged by losses in the heavyweight energy sector. Market sentiment was dominated by lingering concerns that rising inflation will prompt central banks to tighten monetary policy sooner and more abruptly than expected. Highlighting such a view, the Federal Reserve said it might raise interest rates as early as 2023, a faster pace than initially thought. As a result, TSX fell almost 1% this week to snap a four-week winning streak. [/s2If]
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