Canadian stocks traded on a weak note on Tuesday, reversing the upward trend seen in the last three sessions. This market volatility could largely be attributed to the ongoing debate among investors about the anticipated changes in the Federal Reserve’s monetary policy moves in the near term. The S&P/TSX Composite Index gave up 104 points, or 0.5% of its value, yesterday to settle at 20,971.
Even as tech stocks continued to attract buyers, all other TSX sectors ended the session in red, led by heavy losses in the shares of healthcare, metal mining, and financial companies.
Top TSX Composite movers and active stocks
Shares of Tilray Brands (TSX:TLRY) tanked by more than 9% to $2.83 per share after its quarterly financial results came out. In the second quarter (ended in November) of its fiscal year 2024, the cannabis giant’s total revenue rose 34.4% YoY (year over year) to US$193.8 million but fell short of…
