Canadian equities went sideways on Thursday as investors remained cautious ahead of the Bank of Canada’s monetary policy report and interest rate decision. The S&P/TSX Composite Index ended the volatile session with a minor seven-point decline at 24,717 – trimming its month-to-date gains, which still stood at an impressive 3%.
Although the recent record jump in gold and silver prices continued to drive mining stocks higher, most other key sectors, especially consumer cyclicals, utilities, and technology, fell sharply, pressuring the TSX Index.
Top TSX Composite movers and active stocks
Shares of goeasy (TSX:GSY) plunged by 9.4% to $165.39 per share after the Mississauga-headquartered nonprime lending company released preliminary third-quarter results. The report highlighted expected gross consumer loan portfolio growth of $235 million to $265 million but projected net charge-offs between 8.75% and 9.75%, raising concerns about…
