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Canadian Market Exhibiting Weakness On Global Cues; Energy Stocks Rise

(RTTNews) - The Canadian stock market is down in negative territory after a weak start Friday morning amid an escalation in geopolitical tensions after a U.S. airstrike killed Iranian military leader Qassem Soleimani.

While the U.S. has stated that it killed General Soleimani for the recent attacks on the U.S. embassy in Baghdad, Iran has reportedly said there would be "revenge" for Soleimani's death.

Energy shares are gaining following the sharp jump in crude oil prices. Shares from the realty space are among the other major gainers. Consumer staples and materials shares are finding some support, while shares from industrial, information technology, healthcare and financial sections are mostly lower.

The benchmark S&P/TSX Composite Index is down 17.56 points, or 0.1%, at 17,082.39, after having declined to a low of 17,033.21 earlier in the session.

On Thursday, the index ended up 36.52 points, or 0.21%, at 17,099.95.
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