© Provided by The Canadian PressTORONTO — A broad-based decline pushed Canada's main stock index lower midweek while a high inflation reading helped materials, with gold prices climbing to a five-month high. Rising gasoline and food prices sent inflation to a pandemic-era high in October, as the consumer price index posted its largest year-over-year gain in 18 years. The U.S. reported last week that inflation rose to a more than 30-year high of 6.9 per cent in October. The base metals, forestry and fertilizer sector fell 0.8 per cent as gold, a hedge against inflation, rose by a similar amount. The December gold contract was up US$16.10 at US$1,870.20 an ounce, the highest level since June.

Source: CBC News November 18, 2021 00:55 UTC