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News 2026-10-23 20:49 UTC

TSX Closes Lower as Oil Rally Fuels Inflation Concerns

The S&P/TSX Composite Index fell 0.5% to close at 35,788 on Friday as rising oil prices fueled inflation concerns and technology stocks remained under pressure. Crude prices climbed amid escalating Houthi attacks on Saudi targets and reports of possible renewed US strikes against Iran. Canadian bond yields moved higher