The Canadian stock market is down in negative territory around noon on Friday, weighed down by sharp losses in energy section due to falling crude oil prices. The market's downside is not much pronounced thanks to some strong buying in the technology sector.
Worries about growth due to surging coronavirus cases and fresh lockdown measures in Europe also weigh on sentiment.
Data released by Statistics Canada showed retail sales in the country dropped by 0.6% in September over the previous month. Retail Sales increased 4.8% in September of 2021 over the same month in the previous year.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.