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The Canadian stock market ended sharply lower on Friday as fears of a global recession and rising worries about the coronavirus pandemic outweighed massive stimulus measures from central banks and governments, and prompted investors to cut down positions.

The Canadian stock market is down sharply Friday morning due to profit taking after three successive days of hefty gains, and worries about the economic impact of the COVID-19 spread.

Canadian shares are likely to open weak on Friday as rising concerns about the rapid spread of the coronavirus outbreak in the U.S. and across several countries in Europe may outweigh massive stimulus steps taken by global central banks and governments.

After a sharp rally that lifted the benchmark by a little over 450 points at one stage, the Canadian stock market started parting gains, after very nearly falling into the red, recovered to end on a firm note on Thursday, extending gains to a third straight session.

After opening flat, the Canadian stock market rallied sharply Thursday morning, extending gains from previous two sessions, as investors continue to indulge in some strong buying after the U.S. Senate approved a massive $2 trillion relief package.

Canadian shares are likely to open lower Thursday morning, tracking markets in Europe, where stocks are losing ground on profit taking after recent hefty gains.

The Canadian stock market ended on a high note on Wednesday, as stocks rallied sharply after U.S. U.S. Senate leaders and White House officials have finally reached an agreement on a $2 trillion fiscal stimulus package intended to provide economic relief during the ongoing coronavirus pandemic.

After a volatile start, Canadian stocks rallied sharply Wednesday morning, with investors indulging in some hectic buying at several counters on news that U.S. Senate leaders and the White House have reached an agreement on a massive stimulus bill.

Canadian shares may see some volatility Wednesday morning with traders reacting to lower commodity prices and news about the U.S. Congress agreeing on a massive $2 trillion stimulus package.

Canadian stocks rose sharply and ended with hefty gains on Tuesday, riding on the extensive asset-buying scheme of the Federal Reserve, and optimism about the U.S. Senate agreeing on a massive near $2 trillion relief package aimed to limiting the economic impact of the virus pandemic.

Canadian stocks are high up in positive territory early noon Tuesday after a buoyant start as investors go on a buying spree on hopes the U.S. Senate will eventually agree on a massive near $2 trillion deal that would help limit the economic impact of the COVID-19 pandemic.

Canadian shares are likely to open sharply higher on Tuesday, tracking strong Asian and European markets, and surging crude oil and gold prices.

Despite higher crude oil and gold prices, the Canadian stock market ended sharply lower on Monday as worries about the economic impact amid reports showing a surge in new coronavirus infection cases across the U.S. and several other countries rendered the mood bearish.

After a weak start and a subsequent rebound that briefly lifted the market into positive territory, Canadian stocks faltered in mid morning trades Monday amid rising worries about the coronavirus spread and its impact on the global economy.

Canadian shares look headed for a lower start on Monday, tracking losses in Asian and European markets, and lower crude oil prices.

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