The Canadian stock market started the new week on a negative note, ending its nine-day winning streak, as falling commodity prices and heightened concerns about increasing AI (artificial intelligence) competition from China weighed on investor sentiment. These factors, along with uncertainties about the Federal Reserve and Bank of Canada’s upcoming monetary policy actions, drove the S&P/TSX Composite Index down by 179 points, or 0.7%, to close at 25,289.
Despite positive movement in many real estate and industrials stocks, big intraday declines in many other key sectors, including energy, mining, and technology, pulled the TSX lower.
Top TSX Composite movers and active stocks
Celestica (TSX:CLS) stock crashed by 28% to $125.70 per share, registering its worst single-day percentage decline since it began trading on the Toronto Stock Exchange in June 1998. This massive selloff came even after the analysts at Bank of Montreal and…
