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Canadian Market Slightly Lower In Cautious Trade
(RTTNews) - After three successive days of gains, the Canadian market is exhibiting weakness on Friday and looks set to end the day's session on a negative note.
Communications, industrials and materials stocks are the major losers. Technology stocks are finding some support, while shares from the rest of the sectors are mostly subdued.
The benchmark S&P/TSX Composite Index was down 30.90 points or 0.12% at 24,696.63 a little while ago.
Novagold is down more than 10%. TFI International is declining 5.6% and WSP Global is down by about 4.1%.
Badger Infrastructure Solutions, New Gold, BCE, Eldorado Gold, AtkinsRealis, Finning International, Cargojet, Endeavour Mining, Iamgold, Barrick Gold Corp, Air Canada, Equinox Gold and Quebecor are down 1.6 to 2.5%.
Canopy Growth Corporation, Mattr Corp, Aurora Cannabis, Organigram Holdings and Shopify are gaining 3 to 4.5%.
Spin Master Corp., Kelt Exploration, TransAlta, Vermilion Energy and H&R Real Estate are gaining 2 to 2.5%.
Data released by Statistics Canada showed that retail sales in Canada increased 0.7% in March over the previous month.
Retail Sales in Canada increased 4.7% in February over the same month in the previous year.
Manufacturing sales in Canada decreased to -1.9% percent in March from 0.2% in February, according to preliminary estimates.
TSX Settles Lower As Trade Tensions Resurface
Crude Oil Prices Slip On Friday
Pound Drops As Trade Tensions Renew
Weighed Down By Tariff Uncertainty, Gold Slides
Swiss Market Ends Modestly Higher
Major European Markets Close Slightly Higher
Canadian Market Modestly Lower, Looks Headed For Another Weak Close
