After a weak start and a subsequent smart recovery, the Canadian stock market was a bit choppy till the penultimate hour, but rallied sharply thereafter thanks to strong buying in financial and industrial sections.
After opening on a negative note amid worries about growth in the wake of reports showing a sharp surge in new coronavirus cases, the Canadian stock market bounced back into positive territory Thursday mid morning, but is struggling make any significant move up north by noon.
Canadian shares look set for a weak start Thursday morning due to rising concerns about surging new coronavirus infections in the U.S. and several other parts across the globe, and on worries about growth after the IMF came out with a downbeat outlook for the global economy for the current year.