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Canadian Market Loses Ground Again, As Energy Stocks Slide

Jan 22, 2021 - Nasdaq

(RTTNews) - The Canadian stock market is notably lower a little past noon on Friday, weighed down by losses in energy shares following a sharp fall in crude oil prices. Financial stocks are among the other prominent losers.

The mood in the market is cautious with investors somewhat uncertain about the near term outlook. While optimism about more stimulus from the Joe Biden administration in the U.S. is aiding sentiment a bit, rising coronavirus cases globally and tighter lockdown restricti...