Rising commodity prices helped the Canadian stock market trend upward for the third consecutive session before the long Family Day weekend, even as hotter-than-expected U.S. wholesale inflation data worried investors. The S&P/TSX Composite Index advanced by 33 points, or 0.2%, on Friday to 21,256 — its highest closing level in more than 21 months.
Despite a selloff in technology stocks amid speculation about interest rate cuts, strong gains in other key market sectors like healthcare and metal mining mainly helped the TSX benchmark notch another winning day.
Top TSX Composite movers and active stocks
Ero Copper, Capstone Copper, Lundin Mining, and Filo were the top-performing TSX stocks as they inched up by at least 3.6% each.
On the flip side, Air Canada (TSX:AC) dived by 6.5% to $18 per share, making it the worst-performing stock for the day. This selloff in AC stock came after the Canadian flag carrier…
