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People are reflected in mirrors at an entrance of a shopping complex in Tokyo July 27, 2012. Japan's core consumer prices fell 0.2 percent in June from a year earlier, government data showed on Friday, in a sign the country is still far from achieving the central bank's target of 1 per cent inflation. (YURIKO NAKAO/REUTERS)
People are reflected in mirrors at an entrance of a shopping complex in Tokyo July 27, 2012. Japan's core consumer prices fell 0.2 percent in June from a year earlier, government data showed on Friday, in a sign the country is still far from achieving the central bank's target of 1 per cent inflation. (YURIKO NAKAO/REUTERS)

At the open: Session off to slow start Add to ...

The Toronto stock market was little changed while another dose of subpar economic data from Asia reinforced hopes for central bank intervention to keep a flagging global economic recovery going.

The S&P/TSX composite index moved down 4.27 points to 11,886.62, after stimulus hopes pushed the market up two per cent last week.

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The Canadian dollar declined 0.2 of a cent at at 100.71 cents U.S.

New York’s Dow industrials lost 36.04 points to 13,171.91.

The Nasdaq dipped 1.68 points to 3,019.18, and the S&P 500 index gave back 3.41 points to 1,402.46.

Oil gained 78 cents at $93.65 a barrel as traders digested data showing Japan’s economy grew by only 0.3 per cent in the second quarter from the previous three-month period. That was half the rate that was expected.

Japan said Monday that its economy had an annual growth rate of 1.4 percent, which is weaker than analysts had expected. That piles on news Friday that China's exports and retail sales dove in  July.

Most Asian markets closed lower. European shares were mixed, with many traders betting that the world's central banks will unveil new measures to prop up the global economy.

With files from The Associated Press

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