India, Dec. 5 -- The Canadian stock market was languishing in negative territory by Thursday noon after opening on a slightly weak note amid mixed signals on the trade front and on mixed economic data.

Disappointing earnings reports from a couple of banks weighed on sentiment.

Financial shares were among the prominent losers in the market. Consumer discretionary and information technology shares were weak as well, while materials, energy and industrial shares were turning in a mixed performance.

The benchmark S&P/TSX Composite Index, which declined to a low of 16,816.97, was down 58.73 points, or 0.35%, at 16,838.61 around noon.

Toronto-Dominion Bank (TD.TO) declined 3%. The Group's adjusted earnings missed analyst estimates as net prof...