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.
The Canadian market ended modestly higher on Monday, lifted by gains in technology, energy and materials shares. The mood remained cautious with investors awaiting the Federal Reserve's monetary policy announcement, and the data on U.
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The Canadian market is down firmly in negative territory Monday afternoon with energy stocks reeling under sustained selling pressure on weak oil prices. A few stocks from healthcare and industrials sectors are also sharply lower.