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WatchNorth American markets flat on lower oil inflation tame in both US

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TORONTO — After a weak start to the day, North American stock markets closed mostly flat ahead of the U.S. Memorial Day holiday weekend.The S&P/TSX composite slipped 2.85 points to 15,200.76.The loonie fell 0.62 of a U.S. cent to 81.29 cents.In economic news, Statistics Canada reported the annual inflation rate slowed to just 0.8 per cent last month, its weakest reading since October 2013, with lower energy prices a major factor.In New York, the Dow Jones industrial average was down 53.72 points at 18,232.02, while the Nasdaq edged 1.43 points lower to 5,089.36 and the S&P 500 gave back 4.76 points to 2,126.06.July crude contract slipped $1 to US$59.72 a barrel, while June gold fell 10 cents to US$1,204.00 an ounce.


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