The Canadian market is down sharply on Tuesday with the mood turning extremely bearish after data showing a bigger than expected increase in U.S. consumer price inflation dashed hopes of an interest rate cut by the Federal Reserve in March.
The Canadian market ended on a firm note on Friday, led by gains in technology and financials shares. Strong jobs data and the rally in U.S. technology sector helped underpin sentiment.
The Canadian market is up slightly a little past noon on Friday as stocks turn in a mixed performance with investors digesting the nation's jobs data for the month of January and assessing the likely move the central bank with regard to interest rates.