The ongoing rally in Canadian equities resumed on Thursday after weaker-than-expected economic data from the United States, including quarterly GDP (gross domestic product) growth and monthly manufacturing, gave strength to the possibility that the Federal Reserve might soon start slashing interest rates. The S&P/TSX Composite Index rose 165 points, or 0.8%, yesterday to settle at 20,766, extending its week-to-date gains to 1.2%.
While all key market sectors ended the session deep in the green territory, shares of consumer, healthcare, and mining companies led the TSX rally.
Top TSX Composite movers and active stocks
Energy Fuels, Lithium Americas (Argentina), Cargojet, and BRP were the top-performing TSX stocks, as they inched up by more than 5% each.
In contrast, BlackBerry (TSX:BB) tanked by 13.5% to $4.74 per share, making it the day’s worst-performing TSX Composite component. This big selloff in BB…
