Canada stocks-TSX slips as oil-driven inflation worries persist; August inflation steady

• Energy shares .SPTTEN gained 2.4%, as Brent crude LCOc1 prices rose 4.4%, following attacks on Saudi Arabia's energy infrastructure that led to the shutdown of its East-West pipeline, compounding worries over supply disruptions.
• Miners led losses on the TSX, with the materials sector .GSPTTMT slipping 3.7%, as gold prices slipped to an over one-month low on increased bets that the Federal Reserve will hike rates later this week. GOL/
• Industrials .GSPTTIN gained 0.8%, with Thomson Reuters TRI.TO up 5.5%, leading gains on the TSX.
• S&P Dow Jones said on Friday it would revise the eligibility criteria for S&P/TSX Canadian indices, which investors believe could pave the way for the inclusion of copper producer Anglo-Teck.

Canada's main stock index fell on Monday as elevated oil prices stoked inflation worries and lower precious metal prices weighed on sentiment, while investors assessed consumer price index data from August.

The S&P/TSX Composite Index .GSPTSE was down 0.44% at 35,541.92 points at 10:28 a.m. ET, hovering near its lowest levels in a month.

• Canada's annual inflation rate held steady at 3% in August, as higher oil prices kept gasoline costs firm and food prices cooled only moderately, data showed on Monday.
• With the recent surge in oil prices, following renewed escalation in the Middle East, price pressures could strengthen next month.
• "We do think that it is a risk and inflation could go higher, if this continues and there's no real resolution in sight," said Michael Dehal, senior portfolio manager, Dehal Investment Partners at Raymond James.
• Traders are pricing in a nearly 40-basis-point rate hike by the Bank of Canada by year-end, according to LSEG data, though some analysts differ.