Evening Update: Federal holiday declared in Canada for the Queen’s funeral on Sept. 19, provinces and banks remain a question

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Evening Update: Federal holiday declared in Canada for the Queen’s funeral on Sept. 19, provinces and banks remain a question
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Also in the news, North American stock markets tumble after hot August U.S. inflation report

in monthly U.S. consumer prices in August bolstered bets for another aggressive rate hike from the Federal Reserve next week. All three major U.S. stock indexes notched their biggest one-day percentage drops in more two years

The Dow Jones Industrial Average fell 1,276.37 points or 3.94 per cent 31,104.97, the S&P 500 lost 177.72 points or 4.32 per cent to end at 3,932.69, while the Nasdaq Composite slumped 632.84 points or 5.16 per cent to 11,633.57.

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