Following a two-day downturn, the Canadian equities market rebounded into positive territory on Thursday, fueled by ongoing investor speculation about potential interest rate cuts in 2024. Despite much stronger-than-expected labour market data from the United States hinting that the Fed might maintain higher interest rates for an extended period, the S&P/TSX Composite Index climbed 53 points, or 0.3%, to settle at 20,871.
Commodity-linked stocks trended downward amid the heightened volatility of metals and crude oil prices. Nonetheless, solid gains in key market sectors like technology, industrials, and financials drove the TSX benchmark upward.
Top TSX Composite movers and active stocks
Parkland, Nuvei, Bombardier, and SilverCrest Metals were the top-performing TSX stocks yesterday, as they inched up by at least 3% each.
Shares of Enghouse Systems (TSX:ENGH) rose 1.3% after announcing its intentions to acquire the Mediasite…
