After Canada’s main stock index notched record closing highs in the past three sessions, the TSX took a breather on Tuesday. An upward trend in commodity prices kept losses led by industrial and financial shares in check. Cannabis stock Canopy Growth jumped nearly 11 per cent after a Florida Supreme Court move to hold a referendum in November. Aurora Cannabis ended 16.7 per cent higher.
Traders riding a recent unstoppable rally on Wall Street just saw the markets’ worst day in four weeks. It was the second consecutive day of losses to start the new quarter with bond yields on the rise as hopes sunk that a Fed rate cut would happen by June. Tesla stock lost nearly 5 per cent after reporting disappointing Q1 2024 deliveries.
The Canadian dollar traded for 73.68 cents compared with 73.66 cents U.S. on Monday.
U.S. crude futures traded $1.41 higher at $85.12 a barrel, and the Brent…
