TSX advances after soft US inflation data

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By Nikhil Sharma (Reuters) – Canada’s main stock index was set for a third straight session of gains on Friday after the U.S. inflation data came in line with expectations, intensifying hopes of an interest rate cut by the Federal Reserve in September. At 10:25 a.m. ET (14:25 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 42.87 points, or 0.2%, at 21,985.03. Majority of the

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