Toronto healthcare stocks rise in flat market, Canada Goose slides -March 26, 2024 at 05:40 pm EDT

Date:

* TSX closes 0.14% down

* Enbridge to form natural gas supply venture

* Canada Goose to reduce 17% of corporate workforce

March 26 (Reuters) – Canada’s main share index ended
steady on Tuesday, as gains in healthcare stocks were offset by
losses in energy stocks, while Canada Goose shares fell 7% after
the company announced plans to cut 17% of its workforce to rein
in costs.

The Toronto Stock Exchange’s S&P/TSX composite index
closed down 0.14% at 21,912.52. The TSX is on course
to end the first quarter of 2024 on an upbeat note, with energy
and industrials among top gainers.

“From here on, we will see that Q1 earnings will set the
tone for the markets, and investors are hoping for a robust
growth,” said Elvis Picardo, portfolio manager at Luft
Financial, iA Private Wealth.

Traders are also pricing in a 51.7% chance that the Bank of
Canada could…

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