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Canadian Shares Down In Negative Territory

(RTTNews) - The Canadian stock market is down in negative territory on Friday, extending recent losses, as traders continue to refrain from making significant purchases amid the holiday season.

Weakness in Asian and European markets and a lack of fresh triggers to warrant any buying are also contributing to the decline.

Healthcare stocks, which suffered sharp losses in recent sessions, are bouncing back. Energy, consumer discretionary and information technology stocks are finding modest support.

Shares from consumer staples, materials and industrial sections are weak. Financial shares are also mostly subdued.

The benchmark S&P/TSX Composite Index is down 52.90 points, or 0.31%, at 17,045.66 at noon. Earlier, the index touched a low of 17,028.16.
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