Canadian stocks traded on a negative note on Thursday as a downside correction in commodity prices and soaring treasury bond yields weighed on investors’ sentiments. Even as the S&P/TSX Composite Index touched a fresh record high of 22,239 in intraday trading, it ended the highly volatile session 61 points, or 0.3%, lower from its previous closing at 22,052.
The TSX benchmark dropped during the day as most key market sectors went down, with healthcare, consumer noncyclical, and mining stocks leading the selloff.
Top TSX Composite movers and active stocks
NovaGold Resources, Lightspeed Commerce, Tilray, and NexGen Energy were the worst-performing TSX stocks for the day as they plunged by at least 5% each.
On the flip side, shares of Dollarama (TSX:DOL) jumped by 10% to $110.37 per share after the company announced its stronger-than-expected quarterly results. In the quarter ended in January 2024, the Mont Royal-headquartered…
