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Canadian Commentary

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Despite opening on a weak note, the Canadian stock market ended higher on Monday, riding on strong gains in energy and materials sections.

The Canadian stock market rebounded after a weak start Monday morning, led by gains in energy and materials shares thanks to higher commodity prices.

Canadian shares are likely to open on a cautious note with a somewhat negative bias Monday morning due to inflation concerns on continued optimism about a swift economic recovery amid a drop in new coronavirus cases and the faster momentum in vaccination rollouts.

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