Canadian stocks started the new week with a pullback as investors looked forward to third-quarter corporate earnings and the Bank of Canada’s next move on interest rates, which led to heightened caution. The S&P/TSX Composite Index gave up 99 points, or 0.4%, to settle at 24,723 — ending its three-day winning streak.
While all key market sectors ended Monday’s session in the red, the TSX selloff was mainly driven by heavy losses in real estate, consumer, and banking stocks.
Top TSX Composite movers and active stocks
NexGen Energy, Denison Mines, Magna International, and goeasy were the worst-performing TSX stocks for the day, with each sliding by at least 3.4%.
On the flip side, rallying precious metals prices drove mining stocks like MAG Silver, First Majestic Silver, and IAMGOLD up by at least 3.5% each, positioning them among the top gainers on the Toronto Stock Exchange.
