OTTAWA (dpa-AFX) - The Canadian market is languishing in negative territory
after a weak start on Thursday, with stocks from energy, materials and
financials sectors going down south on selling pressure.

Weak commodity prices and concerns that the Federal Reserve might reduce
interest rates just one time this year, appear to be prompting investors to exit
counters.

The benchmark S&P/TSX Composite Index was down 250.71 points or 1.14% at
21,710.84 a little while ago.

The Energy Capped Index is down 2.28%. Cenovus Energy (CVE.TO), Enerplus Corp
(ERF.TO), Veren (VRN.TO), Paramount Resources (POU.TO), MEG Energy (MEG.TO),
Precision Drilling Corporation (PD.TO), International Petroleum Corp (IPCO.TO),
Vermilion Energy (VET.TO) and Canadian Natural Resources (CNQ.TO) are down 2.5
to 4%.

The Materials Capped Index is down nearly 1%. MAG Silver Corp (MAG.TO), First
Quantum Minerals (FM.TO), Methanex Corp (MX.TO), Nutrien (NTR.TO), Ccl
Industries (CCL.B.TO) and Lundin Gold (LUG.TO) are down 1.6 to 2.7%.

The Financials Capped Index is down 1.25%. Sun Life Financial (SLF.TO), Sprott
Inc (SII.TO), EQB Inc (EQB.TO), Manulife Financial (MFL.TO), goeasy (GSY.TO),
Toronto-Dominion Bank (TD.TO), Canadian Imperial Bank of Commerce (CM.TO) and
Bank of Montreal (BMO.TO) are down by 1 to 2%.

Among the gainers, Canadian Tire Corporation (CTC.TO) is up nearly 3%, Celestica
Inc (CLS.TO) is up 1.6% and Cameco Corporation (CCO.TO) is climbing 1.5%.
Cargojet (CJT.TO), Descartes Systems Group (DSG.TO), Dollarama (DOL.TO) and
Restaurant Brands International (QSR.TO) are also notably higher.

Following yesterday's tamer-than-expected consumer price inflation data, a
report released by the U.S. Labor Department this morning showed a modest
decrease by producer prices in the month of May.

The report said the producer price index for final demand dipped by 0.2% in May
after climbing by 0.5% in April. Economists had expected producer prices to inch
up by 0.1%.

The report also said the annual rate of producer price growth slowed to 2.2% in
May from an upwardly revised 2.3% in April. Economists had expected the annual
rate of producer price growth to accelerate to 2.5% from the 2.2% originally
reported for the previous month.



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