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Global markets: US consumer prices rise

By Commodity News Service Canada

WINNIPEG, November 17 – The following is a glance at the news moving markets globally.

– US consumer prices saw their biggest increase in six-months in October, according to reports out of the country on Thursday.

The US Consumer Price Index gained 0.4 per cent in October, after a 0.3 per cent gain in September.

Market watchers say this could give the US Federal Reserve further incentive to raise interest rates in December.

– Foreign investment in Canadian securities amounted to C$11.8 billion in September. New issues of bonds placed abroad by Canadian private corporations accounted for the bulk of this activity. At the same time, Canadian investment in foreign securities was C$1.8 billion, led by acquisitions of non-US foreign share, Statistics Canada said in a report on Thursday.

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