Canadian equities fell for a second consecutive session on Thursday as mixed corporate earnings, global trade uncertainties, and slightly hotter-than-expected U.S. personal consumption expenditure data raised fresh concerns about persistent inflation and the potential for extended higher interest rates. The S&P/TSX Composite Index slipped by 110 points, or 0.4%, to settle at 27,260 — marking its lowest close in two weeks.
Even as an intraday rebound in gold prices helped some mining stocks trade positively, heavy losses in many other key sectors, including healthcare, technology, and energy, dragged the TSX benchmark lower.
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Bausch Health (TSX:BHC) dived by nearly 8% to $8.17 per share, making it the worst-performing TSX stock for the day. This selloff in BHC stock came despite the Canadian healthcare giant reporting 5% YoY (year-over-year) rise in its second-quarter revenue and a 6%…
