The S&P/TSX Composite Index (Canada's broad stock-market benchmark) slipped 0.1% to close at 36,365 on Thursday as higher oil prices fueled renewed inflation concerns. Oil rose after US President Donald Trump announced a sweeping package of economic measures targeting Iran, pushing bond yields higher and weighing on financial shares. RBC fell 1.2%, TD Bank declined 1.4%, BMO lost 1.6%, CIBC retreated 1.9% and Scotiabank dropped 1.5%. Retail stocks also weakened after Walmart sank more than 9% on Wall Street following weaker-than-expected second-quarter results, with ATD down 2.2%, Loblaw off 1.3% and Dollarama falling 1.4%. Miners extended the previous day's gains as gold prices held near a more than two-month high, while energy stocks benefited from higher oil prices. Agnico Eagle and WPM each added 1.8%, Barrick gained 2.4%, Franco-Nevada advanced 2.8% and Canadian Natural rose 2.9%.