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TSX futures fall as oil surge sparks inflation fears

Canadian stock futures dropped as crude oil prices reached multi-month highs amid Middle East conflicts. Investors grew increasingly concerned about prolonged inflation and upcoming interest rate hikes.

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The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. REUTERS/Chris Helgren

Canada stock futures fell 0.28% on Friday morning as Brent Crude Oil surged past $114 a barrel. The commodity rally stoked investor anxiety over prolonged inflation and higher borrowing costs.
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