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Canadian Market In Negative Territory In Cautious Trade

(RTTNews) - The Canadian market is down in negative territory about an hour past noon on Monday, dragged down by losses in information technology, industrials and healthcare sections.

The mood remains a bit bearish in the market amid lingering worries about the spread of the delta variant of the coronavirus and its impact on global economic recovery.

Investors are also looking ahead to the Federal Reserve's monetary policy, scheduled to be announced on Wednesday.

The benchmark S&P/TSX Composite Index is down 58.37 points or 0.29% at 20,130.06 nearly an hour past noon.

Technology stocks Shopify Inc (SHOP.TO) and BlackBerry (BB.TO) are down 3.3% and 2.1%, respectively. Decartes Systems (DSG.TO), CGI Group Inc (GIB.A.TO), Open Text Corp (OTEX.TO), Enghouse Systems (ENGH.TO) and Constellation Software (CSU.TO) are down 1 to 1.4%.
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