India, April 27 -- Canadian stock market's benchmark S&P/TSX Composite Index drifted lower on Monday, weighed down by losses in materials and consumer discretionary sectors. Thanks to higher oil prices, energy stocks gained significant ground, limiting market's downside.
The mood in the market remained cautious amid uncertainty about U.S. and Iran holding another round of discussions to end the conflict in the Middle East. Also, investors looked ahead to the monetary policy announcement from central banks, including the Federal Reserve, Bank of Canada, European Central Bank, Bank of England and the Bank of Japan.
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