TSX flat as central bank euphoria wears off

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TORONTO — The Toronto stock market was little changed following two sessions of strong gains amid expectations that central banks will come out with new measures to support economic growth.The S&P/TSX composite index was off 10.53 points to 11,838.22 after racking up more than 400 points.Trading was quiet with U.S. markets closed for the Independence Day holiday.The Canadian dollar was down 0.09 of a cent to 98.68 cents US.Commodity prices were mainly lower in electronic trading on the New York Mercantile Exchange following significant increases over the last three sessions.Oil backed off 56 cents to US$87.10 a barrel after growing tensions with Iran helped push crude up almost US$4 on Tuesday. That still leaves crude up about $10 from last Thursday.

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