India, July 6 -- Canadian stocks ticked lower on Monday as investors analyzed the domestic Purchasing Managers' Index indicating a shrinkage in the services sector, surveys on business outlook and consumer expectations, and the U.S. nonfarm payrolls data.

After opening below yesterday's close, today the benchmark S&P/TSX Composite Index soon lost the momentum and traded negatively throughout the rest of the session before settling at 35,212.32, down by 62.52 points (or 0.18%).

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