India, May 1 -- The Canadian market is modestly higher around noon on Thursday with shares from energy and technology sectors posting strong gains. A sell-off in materials section is limiting market's upside.
The mood in the market is quite cautious amid concerns about global economic growth. Data from the U.S. showing drop in construction spending, a contraction in manufacturing activity and an increase in weekly jobless claims, and continued deterioration in Canadian manufacturing activity are weighing on sentiment.
The benchmark S&P/TSX Composite Index was down 10.17 points or 0.04% at 24,831.51 a few minutes past noon. The index, which dropped to 24,750.19 in early trades, climbed to 24,961.77 subsequently, before paring gains.
In th...