India, Feb. 7 -- The Canadian market is down in negative territory on Friday after data showing a drop in the nation's unemployment rate dimmed prospects of a rate cut by the Bank of Canada in March.
The benchmark S&P/TSX Composite Index is down 82.22 points or 0.32% at 25,452.21 a few minutes past noon.
Healthcare and communications stocks are among the major losers. Real estate and technology stocks are also exhibiting some weakness. Energy stocks finding support, and a few stocks from materials and consumer staples sectors have also edged higher.
Data from Statistics Canada showed employment in Canada advanced by 76,000 in January 2025, marking the sixth consecutive monthly increase. In December 2024, the economy had added 91,000 jobs...