The Canadian equities market bounced back slightly on Tuesday with the help of an intraday recovery in most commodity prices and a rally in cannabis stocks following Pennsylvania Governor Josh Shapiro’s call to make recreational marijuana legal. After sliding by 247 points in the last two sessions, the S&P/TSX Composite Index advanced by 86 points, or 0.4%, yesterday to settle at 20,958.
Besides a rally in pot stocks, moderate gains in other market sectors, including financials and industrials, also helped the TSX benchmark break a two-day losing streak.
Top TSX Composite movers and active stocks
Lithium Americas (Argentina), Tilray Brands, Lithium Americas, and Precision Drilling were the top-performing TSX stocks as they inched up by at least 5.3% each.
In contrast, shares of International Petroleum (TSX:IPCO) dived by 5.5% to $13.57 per share after announcing its worse-than-expected quarterly financial results. Although the…
