Canadian Market Modestly Lower As Materials, Consumer Staples Stocks Decline

India, July 6 -- After opening slightly lower and then moving marginally above the flat line, the Canadian benchmark index S&P/TSX Composite slipped into negative territory on Monday, weighed down by losses in materials, healthcare and consumer staples sectors.

The index, which edged up to 35,312.76 in early trades, dropped to a low of 35,053.94 before recovering to 35,184.43, down 90.41 points or 0.26%.

The Materials Capped Index fell 2.5% as several stocks in the sector shed ground despite a rise in precious metals prices. Among the major losers in the section, Pan American Silver Corp., Discovery Silver Corp. and K92 Mining slipped 5%-6%.

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