India, Aug. 12 -- The Canadian market's benchmark index S&P/TSX Composite Index moved up north on Wednesday, lifted by gains in materials and financials sectors. Despite paring some early gains, the index remained fairly well placed in positive territory a little past noon.

Data showing consumer price inflation in the U.S. eased to 3.4% in July, raising hopes the Federal Reserve will not hike interest rates anytime soon.

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