The equities market in Canada fell on Tuesday, as the mixed domestic consumer inflation data from last month raised more questions about the direction of monetary policy. These concerns, along with big declines in commodity prices, drove the S&P/TSX Composite Index down by 114 points, or 0.5%, to 20,948.
Even as most commodities-related stocks declined, the TSX benchmark’s losses were reduced by continued gains in other sectors, such as consumer noncyclicals, technology, and healthcare, as it still faces difficulty sustaining above the 21,000 crucial psychological level.
Top TSX Composite movers and active stocks
Parex Resources (TSX:PXT) plunged by 15.7% to $21.69 per share, making it the worst-performing TSX stock for the day. This selloff in PXT stock came a day after the Calgary-headquartered oil and gas producer announced its 2023 production results and 2024 guidance.
Last year, Parex posted a record average production of…
