Baystreet.ca – Canada’s main stock index lost ground rapidly Tuesday, as suspense over remarks by the Federal Reserve across the border made its way into markets here. Health-care and mineral stocks were the one hardest hit. The S&P/TSX Composite Index lost 182.42 points to close Tuesday at 21,887.34.
The regrouped 0.04 cents to 72.70 cents U.S. Shopify (TSX:) rose 1% after J.P. Morgan started coverage with an “overweight” rating. Shopify shares gathered $1.02, or 1.2%, to close in Toronto at $87.84. Enghouse Systems (TSX:) climbed 3.4% after the software firm posted second-quarter results. Shares in Enghouse leaped $1.36, or 4.7%, to $30.54.
Elsewhere, health-care stocks dropped, as Bausch Health (TSX:) Companies let go of 27 cents, or 3.1%, to $8.42, while Tilray (TSX:) sifted off seven cents, or 2.9%, to $2.39. In materials, Stelco (TSX:) Holdings surrendered $1.54, or 3.9%, to $37.92, while Nutrien (TSX:) handed back $2.68,…
