The Canadian stock market remained largely choppy on Wednesday, as investors eagerly awaited important consumer and wholesale inflation data from the United States. Despite soaring by 60 points in intraday trading, the S&P/TSX Composite Index ended the session with minor 18-point gains yesterday to settle at 20,989.
While technology, consumer, and industrial stocks continued to rally, the upward movement of the TSX benchmark was limited by declines in market sectors such as healthcare, financials, and real estate.
Top TSX Composite movers and active stocks
Shares of Africa Oil (TSX:AOI) jumped by more than 7% to $2.55 per share. This rally in AOI stock came after the Vancouver-headquartered energy firm announced a strategic deal related to its offshore Namibia interests through its investee company, Impact Oil and Gas Limited.
The deal announced by Africa Oil involves a farmout agreement with…
