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TSX Falters After Posting Another Record, Ends Slightly Weak

(RTTNews) - The Canadian market recorded a fresh all-time high in early trades on Friday, faltered subsequently, and lost its way again after a mild recovery to eventually closed marginally down in negative territory.

Optimism about U.S. and China signing a phase one trade deal early January aided sentiment at the start.

But investors, back in the market after Christmas and Boxing Day holidays, appeared a bit keen on taking some profits, due to a lack of triggers.

Cannabis shares suffered sharp losses, contributing to market's weak close. Materials shares turned weak after showing some strength early on in the session. Industrial, consumer discretionary, energy and financial shares turned in a mixed performance, while a few stocks from information technology section scored strong gains.

The S&P/TSX Composite Index ended down 11.94 points, or 0.07%, at 17,168.21, after rising to a high of 17,230.58, a fresh record.
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