India, Jan. 27 -- After nine successive days of gains, the Canadian market turned weak on Monday, as stocks, particularly in the technology sector, tumbled on sustained selling pressure. Energy and materials stocks fell on weak commodity prices.
Tech stocks declined amid concerns about the impact of China's low-cost startup DeepSeek's emergence as a powerful AI model.
The mood was cautious with investors awaiting monetary policy announcements from the Bank of Canada, the Federal Reserve and the European Central Bank this week.
The benchmark S&P/TSX Composite Index, which opened with a big negative gap at 25,347.93 and slid to 25,204.06 subsequently, ended the session with a loss of 179.34 points or 0.7% at 25,289.15.
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