After snapping a six-day losing streak and ending modestly higher on Tuesday, the Canadian stock market faltered on Wednesday, as investors chose to stay away on the sidelines due to persistent worries about trade war.
Materials stocks saw some brisk buying as gold futures edged higher after the U.S. dollar weakened against some major currencies. Healthcare stocks were the other notable gainers. A few stocks from consumer discretionary sectors also edged higher. Financials, industrial and telecom stocks were weak, while energy and consumer staples stocks turned in a mixed performance.
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Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.