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Canadian Market In Negative Territory In Cautious Trade

(RTTNews) - The Canadian stock market, which saw a brief spell in positive territory after recovering from a weak start Thursday morning, faltered again in late morning trade and remains weak around mid afternoon.

Worries about growth following signs of a slowdown in global economic recovery due to the surge in coronavirus cases weigh on sentiment.

The benchmark S&P/TSX Composite Index, which advanced to 20,785.57 earlier in the session, is down 49.25 points or 0.24% at 20,692.54.

Industrials and consumer staples shares are among the most prominent losers. Shares from energy and telecom sectors are also mostly weak, while information technology stocks are faring reasonably well.

Transcontinental Inc. (TCL.A.TO), down 4.4%, is the biggest loser in the industrial sector. The company reported net earnings of $28.1 million in the third-quarter, compared with net earnings of $48.3 million a year ago.
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