Canadian Market Slightly Lower In Cautious Trade

(RTTNews) - After three successive days of gains,Exchange rate 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.

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!