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Canadian Stocks Exhibiting Weakness In Cautious Trade

(RTTNews) - The Canadian market was notably lower Thursday noon due to heavy selling in materials and energy stocks, amid concerns about near term economic outlook.

Worries about U.S.-China tensions too weighed on the market. Investors were also reacting to data on private sector jobs and housing prices in Canada.

Industrial and consumer staples shares were the other prominent losers, while shares from healthcare sector moved higher. Information technology, financial and consumer discretionary stocks were turning in a mixed performance this morning.

The benchmark S&P/TSX Composite Index, which tumbled more than 200 points to 14,783.88, staged a modest recovery and was down 121.59 points, or 0.8%, at 14,876.04 at noon.

On Wednesday, the index ended up 112.15 points, or 0.7%, at 14,997.63, gaining for a fourth straight session.
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