Canadian stocks remained choppy on Friday as investors continued to assess the potential impact of the Federal Reserve’s recent rate cut on the economy and corporate earnings. Despite economic uncertainties, firm commodity prices supported the S&P/TSX Composite Index to close at a fresh all-time high of 23,867, though this marked only a slight increase from its previous closing.
While healthcare and industrial stocks traded on a weak note, strong gains in other sectors, including consumer noncyclicals, mining, and utilities, helped the TSX benchmark edge higher.
Top TSX Composite movers and active stocks
Cameco (TSX:CCO) jumped by more than 8% to $60.23 per share, making it the top-performing TSX stock for the day. This rally in CCO stock came after the American energy giant Constellation Energy signed its largest-ever power-purchase agreement with Microsoft to supply clean energy for its data centres.
This deal will support the…
