Oct 26 - Canada stocks were trading flat on Thursday, as gains in utilities offset the losses in energy stocks, while robust U.S. GDP data defied dire warnings of a recession that have lingered since 2022.
Heavyweight energy index dropped 1.3% as oil prices fell by over 2% after a rise in U.S. crude stockpiles signalled waning demand. U.S. data showed that the world's largest economy grew at its fastest pace in nearly two years in the third quarter, again defying warnings of a recession.
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