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Canadian Stocks Roughly Flat After Seeing Initial Drop - Canadian Commentary

After coming under pressure at the start of trading, Canadian stocks have rebounded over the course of morning trading on Thursday.

The benchmark S&P/TSX Composite Index has bounced well off its lows of the session and is currently lingering near the unchanged line. The index is up 8.43 points or 0.1 percent at 14,813.16.

The initial weakness among Canadian stocks came as traders cashed in on recent gains that were partly fueled by optimism about U.S.-China trade talks.

Assessments of the three-day meetings between U.S. and Chinese officials showed no significant breakthroughs.

The comments did not dash hopes for a long-term trade deal between the U.S. and China, but traders were likely looking more concrete results.

Most of the major sectors are showing only modest moves on the day, contributing to the lackluster performance currently being shown by the broader market.

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