The Canadian stock market remained choppy on Tuesday as a mixed domestic consumer inflation report reignited speculation about the timing of potential interest rate cuts. Despite surging by as much as 90 points in intraday trading to surpass the 22,500 level for the first time ever, the S&P/TSX Composite Index erased most of these gains later in the day. Nevertheless, the index still managed to settle at a new high of 22,468, eking out a minor increase of three points from its previous close.
On the one hand, most commodity-linked stocks trended upward during the session. On the other hand, heavy losses in other sectors, like healthcare, technology, and consumer cyclicals, pressured the TSX benchmark.
Top TSX Composite movers and active stocks
Canada Goose (TSX:GOOS) jumped by nearly 6% to $19.12 per share, making it the top-performing TSX stock for the day. Interestingly, GOOS stock has rallied over 23% in the last three sessions…
