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- Futures for Canada's main stock index jumped about 1% on Tuesday as Treasury yields retreated after dovish comments from Federal Reserve officials though concerns about the conflict between Israel and the Palestinian Islamist group Hamas lingered.Investors got some respite after top ranking Fed officials indicated that rising yields on long-term U.S. Treasury bonds could steer the central bank from further increases in its short-term policy rate.
Meanwhile, Israel said it had reclaimed control of the Gaza border with the fiercest air strikes in the 75-year history of its conflict with the Palestinians despite a Hamas threat to execute a captive for each home hit. Energy shares are expected to take a hit on sliding oil prices as markets are looking out for potential supply disruptions due to the ongoing Middle East conflict.
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