India, Aug. 25 -- After opening slightly down, the Canadian market slipped deeper into the red on Monday, weighed down by losses in healthcare, consumer staples, utilities and materials sectors.
The downside is largely due to profit taking after the market climbed to new record highs on Friday amid expectations of an interest rate cut by the Federal Reserve in September.
Investors are awaiting earnings news from Nvidia, and some crucial U.S. economic data. The Commerce Department is due to release a report on Friday that includes the Fed's preferred readings on consumer price inflation.
The benchmark S&P/TSX Composite Index was down 151.79 points or 0.54% at 28,181.34 nearly an hour past noon. The index touched a low of 28,138.70 after o...