CANADA STOCKS — TSX falls as miners take a hit, hot US inflation weighs

(Updates to close) Oct 14 (Reuters) — Canada's main stock index closed in the red on Wednesday, as weaker metal prices weighed on miners, while hot US inflation data increased odds of a Federal Reserve rate hike later this month. The S&P/TSX Composite Index closed down 1.11%, at 35,584.46, falling from a three-week peak. US consumer prices accelerated in September on higher gasoline costs, boosting expectations for a rate hike later this month. Increased bets that the Fed will hike rates further to tame inflation also weighed on US indexes. In Canada, the materials sector was the biggest drag on the index, declining 4.3% as precious metal prices fell further after the data. The rate-sensitive financial sector, which includes heavyweight banks, also fell 0.5%. Technology shares fell 2.4% with Celestica down 9.2% and Shopify falling 2.2%. "Canada will join other global central banks in hiking interest rates, but I don't think they're going to deliver as much as futures or the bond market is currently expecting," said Angelo Kourkafas, senior global investment strategist at Edward Jones The energy sector gained just 0.07%, as oil prices held firm over $100 per barrel O/R Reuters repor