The Canadian stock market retreated from its record highs on Friday, giving back some gains as investors locked in profits. The S&P/TSX Composite Indexslipped by 77 points, or 0.3%, to settle at 23,957. Nevertheless, the index still ended the week with gains of 89 points, marking its third consecutive winning week.
While stronger crude oil and natural gas prices drove the shares of energy companies higher during the session, weakness in other key sectors like mining, technology, and industrials pressured the TSX benchmark.
Top TSX Composite movers and active stocks
Fortuna Mining, OceanaGold, SilverCrest Metals, and New Gold were the worst-performing TSX stocks for the day, with each sliding by at least 5%. An intraday weakness in metals prices across the board could be the primary reason for driving these mining stocks into negative territory.
On the flip side, Advantage Energy, Tourmaline Oil, and ARC Resources were the top…
