India, May 5 -- After a slightly weak start and a subsequent drop to lower levels, the Canadian market recovered some lost ground Monday morning, but still struggles to move any significantly above the flat line.
The mood is cautious with investors awaiting a slew of earnings updates and crucial central bank meetings.
Energy stocks are down sharply, and several stocks from the healthcare space are down as well. Materials and consumer discretionary stocks are finding notable support, limiting market's downside.
Worries about tariff and weak oil prices are hurting the market. Data showing another contraction in Canadian services sector activity is also weighing on sentiment.
On Sunday, U.S. President Donald Trump announced plans to impose...