Canadian stocks traded on a weak note for the second consecutive session as a selloff in commodity prices, with no clarity yet on China’s anticipated stimulus measures, weighed on investors’ sentiments. The S&P/TSX Composite Index fell 30 points on Tuesday to settle at 24,073, trimming its year-to-date gains to less than 15%.
On the one hand, expectations of brighter economic prospects amid declining interest rates drove industrial and tech stocks higher. On the other hand, large intraday losses in commodity-linked sectors like energy and mining dragged the overall market down, reflecting the pressure from falling prices.
Top TSX Composite movers and active stocks
Advantage Energy (TSX:AAV) slipped by more than 6% to $9.25 per share, making it one of the worst-performing TSX Composite components for the day. This drop in AAV stock followed the Calgary-headquartered natural gas and oil producer’s announcement of strategic…
