TSX Settles Modestly Lower

(RTTNews) - The Canadian stock market ended the final session of the year with modest losses, as investors stayed reluctant to create new positions on Tuesday despite signs of a revival in global economic growth.

With the U.S.-China phase one trade deal all set to be signed this month, and the latest data out of China showing an expansion in China's manufacturing sector, it is expected that the global economy will see a revival of sorts in the near to medium term.

The benchmark S&P/TSX Composite Index, which dropped to a low of 17,027.40, recovered to close at 17,063.43, but still posted a loss of 35.13 points, or 0.21%, for the session.

The index, which scaled a new all-time high at 17,230.58 last week, gained about 19.1% in 2019.

Cannabis shares rebounded after recent losses and contributed to the market's recovery from lower levels. The Capped Healthcare Index climbed up nearly 6%.
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