Canadian market turned red on Friday

As Canadian fundamentals deteriorated, stocks turned red. Nation's CPI declined 0.2 per cent in June, while inflation rate jumped 1.6 per cent in the same month. Moreover, the U.S. dollar advanced versus the loonie on Friday, and jumped 0.37 per cent to C$1.0113. The S&P/TSX Index dropped 0.5 per cent, to 11,608, metals and mining stocks also declined by 2.3 per cent, and the information technology sector tumbled 1.2 per cent.