After rallying for four consecutive sessions and reaching its all-time highs, the Canadian stock market turned negative on Friday as mixed U.S. retail sales data weighed on investor sentiment and raised concerns about the strength of consumer spending heading into the holiday season. The S&P/TSX Composite Index gave up 159 points, or 0.6%, for the day to close at 24,891.
Despite minor gains in some consumer stocks, heavy losses in most other key market sectors, including healthcare, industrials, and energy, pressured the TSX benchmark. Nevertheless, the TSX Composite managed to end the week in positive territory with a 0.5% increase.
Top TSX Composite movers and active stocks
Advantage Energy, Birchcliff Energy, Tilray Brands, MDA Space, and MEG Energy were the worst-performing TSX stocks for the day, with each sliding by at least 3.4%.
In contrast, Aya Gold & Silver (TSX:AYA) surged nearly 8% after a sharp drop in the prior…
