After the long Labour Day weekend, the Canadian stock market started the new week on a negative note, with big declines in crude oil and metals prices driving sharp losses in commodity-related stocks. The S&P/TSX Composite Index tanked by 304 points, or 1.3%, on Tuesday to settle at 23,042, posting its biggest single-day loss in four weeks.
In addition to sliding mining and energy stocks, a selloff in other sectors, including consumer cyclicals and technology, also weighed on the TSX benchmark as weak U.S. manufacturing data hurt investors’ sentiments.
Top TSX Composite movers and active stocks
First Quantum Minerals, Lundin Mining, Capstone Copper, and International Petroleum were the worst-performing TSX stocks for the day, with each diving by at least 10%.
On the flip side, shares of Bausch Health Companies and Laurentian Bank of Canada climbed by at least 2.4% each, making them the day’s top-performing TSX stocks.
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