After rising for three consecutive sessions, the Canadian stock market turned negative on Friday as dismal domestic employment change data took a toll on investors’ sentiments. The S&P/TSX Composite Index slid by 185 points, or 0.8%, for the session to settle at 22,059.
Although continued strength in metals prices drove the shares of most mining companies higher, heavy losses in other key sectors, including energy, financials, and industrials, pressured the TSX benchmark during the day. Nevertheless, the market index still managed to start July with optimism, climbing by 183 points in the first week of the month.
Top TSX Composite movers and active stocks
Kelt Exploration (TSX:KEL) dived by 5.5% to $6.13 per share, making it the worst-performing TSX stock for the day. This selloff in KEL stock came after the Calgary-headquartered oil and gas firm announced the postponement of the start-up of new natural gas wells to the fourth…
