Canadian Market Turns Weak, Down Marginally In Cautious Trade

Canadian stocks drifted lower into negative territory in early afternoon Thursday after being modestly above the flat line earlier. The move came as strong gains in materials, real estate, and select technology stocks faded, suggesting near-term downside pressure rather than a specific company- or policy-driven catalyst.

Analysis

Canadian stocks drifted lower into negative territory in early afternoon Thursday after being modestly above the flat line earlier. The move came as strong gains in materials, real estate, and select technology stocks faded, suggesting near-term downside pressure rather than a specific company- or policy-driven catalyst.