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Canadian Commentary

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The Canadian stock market ended lower on Friday, extending recent losses, as the Federal Reserve's hawkish policy outlook and the sharp slide on Wall Street weighed on sentiment.

After opening with a big negative gap and plunging further down subsequently, the Canadian market recovered gradually and pared most of its losses as the session progressed.

Canadian shares are likely to open weak Friday morning, tracking lower crude oil prices and weakness in European markets.

The Canadian stock market closed weak on Thursday, dragged down by heavy losses in energy and materials shares after crude oil and bullion prices tumbled on dollar's surge.

The Canadian stock market is down sharply in negative territory in early afternoon trades on Thursday, weighed down by heavy losses in energy and materials shares amid falling commodity prices.

Canadian shares look headed for a weak start Thursday morning following a sharp drop in bullion prices as the dollar firmed against other major currencies, reacting to the Federal Reserve's projection of rate hikes by 2023.

After swinging between gains and losses during much of the day's session, the Canadian stock market ended flat on Wednesday.

Canadian shares are turning in a somewhat sluggish performance since the session started Wednesday morning, with investors reacting to Canadian inflation data and looking ahead to the Federal Reserve's monetary policy announcement, due later in the day.

The Canadian stock market is likely to open on a cautious note Wednesday morning with investors reacting to the data on Canada's inflation, and looking ahead to the U.S. Federal Reserve's monetary policy announcement, due later in the day.

The Canadian market hit a fresh record high on Tuesday, lifted by strong gains in energy stocks after oil prices rose sharply on demand hopes.

The Canadian stock market is up firmly in positive territory about an hour past noon on Tuesday, led by gains in energy and information technology shares.

Canadian shares are likely to open slightly higher Tuesday morning, tracking firm crude oil prices. Data on Canadian housing starts and producer prices are likely to make an impact on price movements.

Canadian stocks showed a lack of direction over the course of the trading session on Monday but managed to end the day slightly higher.

The Canadian stock market is turning in a mixed performance on Monday, reacting to the latest batch of economic data and commodity prices.

Canadian shares are likely to open on a mixed note Monday morning, reacting to data on Canadian manufacturing activity, and commodity prices.

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