Canadian stocks closed sharply lower on Thursday as fading hopes of a series of rate cuts by the Federal Reserve this year, and weak commodity prices rendered the mood bearish.
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After moving in a narrow range in somewhat lackluster trades, the Canadian market ended modestly higher on Thursday, thanks to strong gains in materials and energy sectors.
The Canadian market ended notably lower on Friday, hurt by sharp losses in materials and real estate sectors. Fading hopes of a rate cut by the Federal Reserve in September following data showing a stronger than expected growth in U.
The Canadian market ended notably lower on Friday, hurt by sharp losses in materials and real estate sectors. Fading hopes of a rate cut by the Federal Reserve in September following data showing a stronger than expected growth in U.