The Canadian stock market faltered after a positive start Monday morning, and despite a subsequent recovery, turned weak and eventually closed on a negative note.
After a positive start and a subsequent fall into negative territory, the Canadian stock market edged higher Monday morning and is up marginally about an hour past noon, supported by gains in consumer staples and telecom shares.
Canadian shares are likely to open higher Monday morning, tracking firm commodity prices, and on continued optimism about economic recovery and hopes that interest rates will remain low for the foreseeable future.