The Canadian equities market tumbled for a second consecutive session on Tuesday, as falling commodity prices continued to weigh on sentiments, despite the release of a mixed consumer inflation report from the United States. The S&P/TSX Composite Index dived by 85 points, or 0.4%, yesterday to settle at 20,234 — erasing all its December gains.
A moderate softness in the U.S. consumer inflation annual rate to 3.1% due mainly to recent weakness in energy prices encouraged buying in consumer and industrial stocks. However, a stronger sequential increase in the price index for all items, except food and energy, worried investors. This factor, along with steep intraday declines in crude oil and natural gas prices, led to big losses in other key market sectors, including metal mining, energy, and utilities.
Top TSX Composite movers and active stocks
Stelco Holdings, GFL Environmental, and Gildan Activewear were the top-performing TSX…
