Despite hopes of a U.S.-China trade deal and easing inflation concerns, Canadian equities started the new week on a negative note as sharp intraday declines in gold and silver prices weighed on investor sentiment. As a result, the S&P/TSX Composite Index plunged 77 points, or 0.3%, on Monday to settle at 30,276 — ending its three-session winning streak.
Although trade-related optimism and expectations of rate cuts on both sides of the border later in the week led to renewed buying in technology and financial stocks, steep intraday losses in shares of precious metal miners dragged the TSX benchmark down.
Top TSX Composite movers and active stocks
NGEx Minerals, Energy Fuels, Aris Mining, and K92 Mining dived by at least 5.8% each, making them the worst-performing TSX stocks for the day.
Even as many mining stocks fell sharply, Perpetua Resources (TSX:PPTA) stood out as the top-performing TSX stock, with its shares surging 6.6% to…
