The Canadian stock market trended downward on Friday after much stronger-than-expected U.S. labour market data further dimmed the possibility that the Federal Reserve will slash interest rates in the next meeting. The S&P/TSX Composite Index slipped by 34 points in the last session to settle at 21,085.
Even as some big names in the tech sector inched up after receiving rating upgrades from Street analysts, heavy losses in mining, energy, and healthcare stocks pressured the TSX benchmark.
Top TSX Composite movers and active stocks
Falling commodity prices drove mining and energy stocks like Interfor, NuVista Energy, Paramount Resources, Innergex Renewable Energy, and Kinross Gold down by at least 3.8% each, making them the worst-performing TSX stocks for the day.
In contrast, shares of Shopify and Aritzia were the top performers on the Toronto Stock Exchange, as they climbed by at least 6.6% each.
